The White House’s artificial intelligence (AI) and crypto czar, David Sacks, shared that the CLARITY Act, a bill aimed at bringing clarity to crypto regulation, will be considered in the Senate in January 2026.
In a post on X on December 18, Sacks noted that Senators Tim Scott, who leads the Senate Banking Committee, and John Boozman, head of the Agriculture Committee, confirmed that the legislation will be discussed and potentially revised during that month.
The CLARITY Act is designed to define which digital assets fall under securities or commodities regulation and to clarify the responsibilities of agencies like the Securities and Exchange Commission and the Commodity Futures Trading Commission.
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The legislation was previously passed by the House back in July. Its movement has slowed partly due to a lengthy government shutdown that lasted from October to November.
Still, regulators met with executives from crypto firms during that time to keep discussions ongoing.
David Sacks wrote on X:
We are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for. We look forward to finishing the job in January!
Once the Senate completes the markup, the bill will return to the House if it includes changes, and then head to President Donald Trump’s desk for approval.
Recently, the US Securities and Exchange Commission’s Trading and Markets Division explained how brokerage firms can hold tokenized stocks and bonds while complying with current investor protection rules. What did the agency say? Read the full story.
