US Crypto CLARITY Act Set for Senate Markup in January

David Sacks, the White House's AI and crypto czar, announced that the Digital Asset Market Clarity Act (CLARITY Act) will undergo a Senate markup in January, confirmed by Senate Banking Committee Chair Tim Scott and Agriculture Committee Chair John Boozman. This markup stage involves line-by-line review, debate, and voting on amendments by both committees before the bill proceeds to the full Senate floor. If successful, the CLARITY Act, which previously passed the House, is poised to become the central market-structure law for US crypto markets, resolving jurisdictional disputes between the SEC and CFTC. Expected amendments will focus on asset classification (commodity vs. security), investor protections (disclosures, custody), and implementation timelines. Enactment would place spot digital commodity markets under CFTC oversight, ending regulatory ambiguity and establishing a federal registration regime, which proponents argue will reduce legal uncertainty and boost institutional participation.

(Source：BeInCrypto)