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

White House AI and crypto czar David Sacks said the CLARITY Act will reach the Senate next month for debate and amendment before a full vote.

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.

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.

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