White House AI and bitcoin czar David Sacks said Senate committee leaders have confirmed a January markup for the Digital Asset Market Clarity Act, a market structure bill aimed at setting federal rules for digital assets.
Markup timing confirmed
Sacks said he spoke with Senate Banking Committee Chair Tim Scott and Senate Agriculture Committee Chair John Boozman, who confirmed the schedule.
Sacks wrote on X:
“We had a great call today with Chairmen @SenatorTimScott and @JohnBoozman who confirmed that a markup for Clarity is coming in January.”
He added:
“We are closer than ever to passing the landmark crypto market structure legislation that President Trump has called for.”
Sacks also credited House lawmakers involved in the effort.
He wrote:
“Thanks to their leadership, as well as @RepFrenchHill and @CongressmanGT in the House, we are closer than ever to passing the landmark crypto…”
What the bill would do
The Clarity Act is bipartisan legislation intended to create a regulatory framework for digital assets.
It would clarify jurisdiction between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Senate process and talks
The Senate Banking Committee had previously targeted a December markup, but delayed it this week to early 2026.
The report said Senate Democrats held a private meeting to discuss a GOP compromise proposal introduced by Scott’s team and consider a counteroffer.
CEOs from Citigroup, Bank of America, and Wells Fargo also met with lawmakers to discuss the legislation.
