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

- David Sacks, the White House AI and crypto czar, announced that the CLARITY Act is scheduled for Senate markup in January, indicating a significant step towards formal legislative debate and potential amendments before a full vote.
- This development is crucial as it reflects the administration's commitment to establishing a regulatory framework for the cryptocurrency sector, which has been a topic of ongoing discussion and concern among lawmakers and industry stakeholders.
- The upcoming markup of the CLARITY Act occurs amid broader legislative efforts to regulate the cryptocurrency market, including ongoing negotiations over the U.S. Market Structure Bill and discussions about international tax standards for crypto, highlighting the complexity and urgency of regulatory measures in the evolving digital asset landscape.
— via World Pulse Now AI Editorial System
