🎉 Share Your 2025 Year-End Summary & Win $10,000 Sharing Rewards!
Reflect on your year with Gate and share your report on Square for a chance to win $10,000!
👇 How to Join:
1️⃣ Click to check your Year-End Summary: https://www.gate.com/competition/your-year-in-review-2025
2️⃣ After viewing, share it on social media or Gate Square using the "Share" button
3️⃣ Invite friends to like, comment, and share. More interactions, higher chances of winning!
🎁 Generous Prizes:
1️⃣ Daily Lucky Winner: 1 winner per day gets $30 GT, a branded hoodie, and a Gate × Red Bull tumbler
2️⃣ Lucky Share Draw: 10
White House encryption czar David Sacks: The "Digital Asset Market Clarity Act" will begin deliberations in January next year.
U.S. Crypto Assets regulatory legislation has made further progress. White House AI and Crypto Assets Czar David Sacks stated on Thursday that the highly anticipated “Digital Asset Market Clarity Act” is confirmed to undergo its final markup in January next year, symbolizing that this key bill is one step closer to formal legislation.
David Sack posted on social media platform X, stating: “Today we had a very positive call with Senate Banking Committee Chairman Tim Scott and Agriculture Committee Chairman John Boozman, and they confirmed that the Clarity Act will be deliberated in January.”
The “Clarity Act” is a bipartisan legislative proposal aimed at establishing a clear regulatory framework for digital assets that are in a gray area, clarifying the regulatory responsibilities between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This bill received strong bipartisan support and passed in the House of Representatives this July.
David Sacks' latest progress this time also means that the Clarity Act will officially enter the substantive review stage in the Senate. At that time, members of the Senate Banking Committee and Agriculture Committee will review, amend, and vote on the bill clause by clause, and it can only be sent to the full Senate for a vote after passing.
It is noteworthy that there is actually another version of the Crypto Assets market structure bill within the Senate, which is currently still in the “discussion draft” stage. This version also focuses on the delineation of responsibilities between the SEC and the CFTC, and introduces a key concept - “Ancillary Assets”, which is used to clarify which Crypto Assets should not be considered securities.
The market generally expects that the deliberation process in January next year will likely become a key point for integrating the House version of the Clarity Act with the Senate draft, paving the way for the final version.
Tags: CLARITY Act David Sacks John Boozman Tim Scott Crypto Assets Senate Agriculture Committee Senate Banking Committee Deliberation Digital Assets Market Clear Act Regulatory Legislation