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The <i>CLARITY Act</i> will be submitted to the Senate for debate in January, followed by a final vote by the entire body.
BlockBeats News, December 19th, White House Cryptocurrency and AI Director David Sacks stated that the "CLARITY Act" (Crypto Market Structure Act) will be submitted to the Senate next month for debate and amendments, followed by a full Senate vote. Senate Banking Committee Chair Tim Scott and Agriculture Committee Chair John Boozman have confirmed that the bipartisan draft of the "CLARITY Act" will be considered by the Senate next month.
The "CLARITY Act" will define crypto securities and commodities, and clarify the roles of the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and other financial regulatory agencies.
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