Haciyev Reşit 
The White House’s AI and crypto czar David Sacks made important statements following a meeting with U.S. Senators Tim Scott and John Boozman. In his remarks, Sacks said that the long-anticipated CLARITY bill, which aims to regulate the crypto market, has entered its final stage in the legislative process and that its passage is closer than ever.
January Target
Sacks stated that the bill is expected to be reviewed in committees in January and finalized during that period. He said:
“Today we had a very productive meeting with Committee Chairs Tim Scott and John Boozman. They confirmed that the CLARITY bill will be taken up in January and finalized at that time. Thanks to the leadership of French Hill and Glenn Thompson in the House of Representatives, we are closer than ever to passing this landmark crypto market structure bill that President Trump has called for. We are eager to get this done in January!”
What the CLARITY Bill Proposes
The bill aims to establish a comprehensive legal framework for digital assets in the United States. Its key provisions can be summarized as follows:
- Regulatory Authority: Cryptocurrencies and digital assets will be regulated under a clear and comprehensive framework shared between the SEC and the CFTC. The SEC will oversee digital assets classified as securities, while the CFTC will regulate those considered digital commodities.
- Investor Protection: Mechanisms will be introduced to combat fraud and manipulation, ensuring investors have access to transparent and accurate information.
- Clear Jurisdictional Boundaries: The responsibilities of the SEC and CFTC will be clearly defined, along with registration and compliance requirements for intermediaries and platforms.
- User Rights: The right of crypto holders to self-custody their assets and transact peer-to-peer will be protected.
- Stablecoin Regulations: Separate and explicit rules will be introduced for payment-focused stablecoins.
- DeFi Exemptions: Specific exemptions will be provided for decentralized finance (DeFi) activities, clarifying how these systems are regulated.
- International Cooperation: The bill encourages cooperation with regulators in other countries to ensure globally consistent digital asset regulations.
Historical Significance
If passed, the CLARITY bill would establish the first comprehensive legal framework for digital assets in the United States. This would bring long-awaited regulatory clarity to the crypto market, significantly reducing uncertainty across the sector. CLARITY would not only protect investor rights and security, but also allow crypto companies and platforms to operate in a more transparent and predictable environment.
Such a framework is expected to reduce risks for both retail and institutional investors while strengthening overall market confidence. It could also enhance the United States’ position in the global crypto economy and promote regulatory alignment with other countries. Industry participants, crypto firms, and investors are now closely watching developments in January as they prepare for the new opportunities and rules that could emerge once the bill comes into force.
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