White House Crypto Czar David Sacks: "Digital Asset Market Clarity Act" to Begin Review in January Next Year

2025-12-19 07:21:44

The US cryptocurrency regulation legislation advances once again. White House AI and Crypto czar David Sacks stated on Thursday that the highly anticipated “Digital Asset Market Clarity Act” has been scheduled for its final markup in January next year, symbolizing that this key bill is one step closer to becoming law.

David Sacks posted on social platform X: “Today we had a very positive call with Senate Banking Committee Chairman Tim Scott and Agriculture Committee Chairman John Boozman. They confirmed that the Clarity Act will enter markup in January.”

We have never been this close to passing this crypto market structure bill, which was personally supported and endorsed by President Trump.

We had a great call today with Chairmen @SenatorTimScott and @JohnBoozman who confirmed that a markup for Clarity is coming in January. Thanks to their leadership, as well as @RepFrenchHill and @CongressmanGT in the House, we are closer than ever to passing the landmark crypto…

— David Sacks (@davidsacks47) December 18, 2025

The “Clarity Act” is a bipartisan legislation aimed at establishing a clear regulatory framework for digital assets in the gray area, clarifying the regulatory responsibilities between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The bill received strong bipartisan support and was passed in the House of Representatives in July this year.

The latest progress announced by David Sacks also indicates that the “Clarity Act” will officially enter the substantive review stage in the Senate. Members of the Senate Banking Committee and Agriculture Committee will review, amend, and vote on the bill clause by clause before it can be sent to the full Senate for a vote.

It is worth noting that there is also a separate version of the cryptocurrency market structure bill within the Senate, which is still in the “discussion draft” stage. This version also focuses on the division of responsibilities between the SEC and CFTC and introduces a key concept—“Ancillary Assets”—to clarify which cryptocurrencies should not be considered securities.

Market consensus generally expects that the January review process will likely become a critical point for integrating the House version of the “Clarity Act” with the Senate draft, paving the way for the final version.

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