Congress will soon tackle legislation designed to create a clear regulatory framework for digital assets.
According to White House AI and Crypto Czar David Sacks, the Clarity Act will take center stage next month.
“We had a great conversation today with Chairman Senators Tim Scott and John Boozman, who confirmed that there will be an increase for Clarity in January.
Thanks to their leadership, as well as Representatives French Hill and Glenn Thompson in the House of Representatives, we are closer than ever to passing the historic crypto market structure legislation that President Trump has called for. We look forward to completing the job in January!”
The Clarity Act is designed to create clear classifications for digital assets, defining roles for the SEC and CFTC while distinguishing between “digital commodities” like Bitcoin and securities.
The changes are intended to create new avenues for innovation while protecting consumers through trading, disclosure and registration rules for market participants such as exchanges and brokers.
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