The CLARITY Act, a bill to structure the crypto market, is expected to be submitted to the Senate for consideration in January.

David Sacks, the White House's director for artificial intelligence and cryptocurrency affairs, stated that the CLARITY Act, a bill to structure the cryptocurrency market, is one step closer to formal legislation and is expected to undergo Senate review and revisions in January. Sacks posted on the X platform on Thursday that Senate Banking Committee Chairman Tim Scott and Agriculture Committee Chairman John Boozman have confirmed that the bipartisan cryptocurrency bill will be finalized in the Senate next month.