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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 call today with Chairmen Senator Tim Scott and John Boozman, who confirmed that a markup for Clarity is coming in January.
Thanks to their leadership, as well as Representatives French Hill and Glenn Thompson in the House, 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!”
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 aim to create new pathways for innovation while protecting consumers through rules for trading, disclosures and registration for market participants like exchanges and brokers.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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