Clarity Act Poised for Senate Markup in January, Signaling Major Crypto Regulatory Shift

The Digital Asset Market Clarity Act (CLARITY Act), a significant piece of bipartisan legislation aimed at establishing a clear regulatory framework for digital assets in the United States, is set to undergo markup in the Senate in January. This development, confirmed by White House AI and crypto czar David Sacks, marks a crucial step towards resolving jurisdictional ambiguities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding cryptocurrencies.