The <i>CLARITY Act</i> will be submitted for Senate debate amendment in January, followed by a fu...

BlockBeats News, December 19th, White House Crypto and AI Czar David Sacks stated that the "CLARITY Act" (Crypto Market Structure Act) will be submitted to the Senate next month for debate and amendment, followed by a full up-or-down vote. Senate Banking Committee Chairman Tim Scott and Agriculture Committee Chairman John Boozman have confirmed that the bipartisan draft of the "CLARITY Act" will be considered by the Senate next month.The "CLARITY Act" will define crypto securities and commodities, and clarify the roles of the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and other financial regulatory bodies.