The "CLARITY Act" to be reviewed by the Senate next month, bringing new developments to the crypto regulatory framework

【Crypto World】White House crypto and AI chief David Sacks recently revealed that there has been new progress on the “CLARITY Act” (Cryptocurrency Market Structure Act). This bipartisan bill is expected to be submitted to the Senate next month, followed by discussions, amendments, and a final vote.

Senate Banking Committee Chairman Tim Scott and Agriculture Committee Chairman John Boozman have both confirmed this schedule. According to the plan, the Senate will begin formal review next month.

The core content of this bill has attracted much attention—it aims to clearly define the distinctions between crypto securities and commodities, while clarifying the responsibilities and boundaries of the SEC (Securities and Exchange Commission), CFTC (Commodity Futures Trading Commission), and other financial regulatory agencies. In other words, it seeks to draw a clear division of responsibilities for the overall crypto market regulatory framework.