White House czar says crypto CLARITY Act set for Senate markup in January
The post White House czar says crypto CLARITY Act set for Senate markup in January appeared on BitcoinEthereumNews.com.
The White House’s chief crypto and artificial intelligence policy official says that the Digital Asset Market Clarity (CLARITY) Act — historic legislation intended to clarify the regulatory authority applicable to digital assets — is slated for Senate markup early next year, representing a significant advance for U.S. crypto policy. White House AI and crypto czar David Sacks posted to X, noting that Senate Banking Committee Chair Tim Scott and Agriculture Committee Chair John Boozman had confirmed that the bipartisan crypto bill will reach the Senate next month. ”We are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for. We look forward to finishing the job in January!” Sacks says negotiators are hoping the House-approved CLARITY Act will be sent to the Senate for debate and amendment in January, the official start date of the legislative process, ahead of a potential floor vote. The announcement arrives as lawmakers and industry leaders scramble to develop a common regulatory framework for digital asset markets. Sacks’ revelation comes as the United States Office of the Comptroller of the Currency (OCC) says it is granting banks the ability to conduct riskless principal transactions related to crypto assets. TradFi banks that had been dipping their toes in via pilots now have the approval to go for full-scale crypto integration. The OCC has, over time, reversed the cautionary approach it took between 2021 and 2024, when it imposed strict guardrails and joined the Fed in warning about crypto risks, such as liquidity and volatility. According to the letter from the OCC, traditional banks are explicitly permitted to engage in riskless principal crypto-asset transactions, where the banks act as matched intermediaries in trades without the need to hold assets. As it stands, only a few purely crypto banks, such as Anchorage…
Filed under: News - @ December 19, 2025 12:23 am