U.S. Cryptocurrency Market Structure Bill Set for Senate Discussion in January, White House Official Confirms

David Sacks, the White House's cryptocurrency officer, confirmed on the 19th that the 'Clarity Act (Market Structure Bill)' is scheduled for discussion in the Senate in January.

Following discussions with Tim Scott, Chairman of the Senate Banking Committee, and John Boozman, Chairman of the Agriculture Committee, Sacks stated on X (formerly Twitter) that 'we are closer than ever to achieving the groundbreaking Clarity Act that President Trump has called for.'

Both committees oversee the SEC and CFTC respectively, and the cooperation of both chairmen is essential for the bill's passage.

The Market Structure Bill aims to establish criteria for determining whether cryptocurrencies are securities or commodities, involving both the Securities and Exchange Commission and the Commodity...