Crypto CLARITY Act set for Senate markup in January, says Sacks

cointelegraphОпубліковано о 2025-12-18Востаннє оновлено о 2025-12-18

Анотація

The long-awaited Crypto CLARITY Act is set for a Senate markup in January, according to White House AI and crypto czar David Sacks. Senate Banking Committee Chair Tim Scott and Agriculture Committee Chair John Boozman confirmed the bipartisan bill will advance next month. The legislation aims to define crypto securities and commodities, clarify regulatory roles between the SEC and CFTC, and reduce uncertainty for crypto firms. Supporters say it will establish clearer compliance pathways, encourage innovation, and strengthen investor protections. Work on the bill continued during the recent government shutdown, with regulators meeting executives from major crypto companies and venture firms.

The long-awaited Digital Asset Market Clarity Act, or CLARITY Act, is moving closer to passage, with a Senate markup expected in January, says White House artificial intelligence and crypto czar David Sacks.

Sacks posted to X on Thursday that Senate Banking Committee Chair Tim Scott and Agriculture Committee Chair John Boozman had confirmed that the bipartisan crypto bill will reach the Senate next month.

”We are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for. We look forward to finishing the job in January!”

The CLARITY Act would define crypto securities and commodities and clarify the roles of the Securities and Exchange Commission, the Commodity Futures Trading Commission, and other financial regulators.

Backers of the bill say it will reduce regulatory uncertainty for crypto firms by establishing clearer compliance pathways and encourage innovation while strengthening investor protections.

Related: Bitcoin institutional buys flip new supply for the first time in 6 weeks

US regulators continued to work on the CLARITY Act during the record 43-day government shutdown across October and November, meeting with executives from the likes of Coinbase, Ripple, Kraken, Circle, and tech-focused venture capital firms a16z and Paradigm.

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Пов'язані питання

QWhat is the name of the crypto bill expected to be marked up in the Senate in January?

AThe Digital Asset Market Clarity Act, or CLARITY Act.

QWho announced that the CLARITY Act will reach the Senate next month?

AWhite House artificial intelligence and crypto czar David Sacks.

QWhich two Senate committee chairs confirmed the upcoming markup for the crypto bill?

ASenate Banking Committee Chair Tim Scott and Agriculture Committee Chair John Boozman.

QWhat is the main purpose of the CLARITY Act according to its backers?

ATo define crypto securities and commodities, clarify the roles of financial regulators like the SEC and CFTC, reduce regulatory uncertainty, establish clearer compliance pathways, encourage innovation, and strengthen investor protections.

QWhich major crypto and tech firms did US regulators meet with to work on the CLARITY Act during the government shutdown?

AExecutives from Coinbase, Ripple, Kraken, Circle, and tech-focused venture capital firms a16z and Paradigm.

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