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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