Crypto CLARITY Act set for Senate markup in January, says Sacks
Cointelegraph
David Sacks announced the CLARITY Act will be debated in the Senate in January, potentially clarifying crypto regulation.Summary
White House AI and crypto czar David Sacks stated that the CLARITY Act is scheduled for a Senate markup in January, bringing it closer to potential passage. The bill aims to define crypto securities and commodities, clarifying the roles of the SEC and CFTC. Backers believe the CLARITY Act will reduce regulatory uncertainty for crypto firms, fostering innovation and strengthening investor protections. Discussions continued during the recent government shutdown, involving major crypto companies like Coinbase, Ripple, and Kraken, as well as venture capital firms a16z and Paradigm.
(Source：Cointelegraph)