CLARITY Act Advances to Senate to Define Crypto Securities and Commodities, Bitcoin in Focus

COINOTAG News reported on December 19 that the White House’s cryptocurrency and AI policy director, David Sacks, has signaled that the CLARITY Act (Crypto Market Structure Act) is slated for introduction in the Senate next month to prompt debate and proposed amendments, ahead of a full chamber vote. The remarks underscore a measured approach to digital asset governance and market-structure reform, with officials signaling a framework that clarifies asset classifications and regulatory boundaries.

Senate leadership, including Banking Committee Chair Tim Scott and Agriculture Committee Chair John Boozman, have confirmed that the bipartisan CLARITY Act will be considered by the Senate next month. The act aims to define crypto securities and crypto commodities and to clarify the roles of the SEC, CFTC, and other financial regulators, seeking to deliver greater regulatory clarity for market participants, exchanges, and custodians.