The Clarity Act, formally known as the Digital Asset Market Clarity Act, is set to hit the Senate floor for deliberation next week, according to US Senator Tim Scott.
It’s a moment that’s been building for months, promising to inject some much-needed regulatory clarity into the wild world of US crypto.
Scott spoke to Breitbart News and said, “Next Thursday, we’ll have a vote on market structure.”
He emphasized how crucial it is to get everyone on the record, adding that his team has been working on this for over six months.
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This echoes the same sentiments as White House AI and crypto expert David Sacks hinted back in December, that the Clarity Act, designed to lay down a solid framework for crypto markets across the country, was gearing up for a January markup in the Senate.
Remember, the House gave the green light to the Clarity Act back in July 2025. If the Senate passes it as is, there is no need for a House revisit.
It will go straight to President Donald Trump for his signature.
The Clarity Act isn’t without its wrinkles that still need smoothing out
The crypto crowd’s been talking about the Clarity Act ever since it dropped in the House last May, and with a potential vote just days away, opinions are flying left and right.
Gabriel Shapiro, of MetaLeX and a top crypto lawyer, thinks we’re on the cusp of getting this market structure bill passed, though he’s flagging some lingering worries about illicit finance.
Not everyone’s popping champagne yet. Alex Thorn from Galaxy Digital took to X to share insights from a bipartisan Senate huddle. He reckons it’s iffy whether both sides can bridge their gaps, with a bunch of issues still hanging in the air.
Democrats are gunning for tweaks like making DeFi front-ends toe the line on sanctions to nix shady deals and beefing up the Treasury’s Office of Foreign Assets Control with extra powers against bad actors.
Surprisingly, Nic Carter of Castle Island Ventures called the Democratic requests “actually pretty reasonable.”
Meanwhile, the market’s been a rollercoaster, and some are pointing fingers at the drag on passing the Clarity Act. CoinShares just linked a whopping $952 million in outflows from crypto products in the week ending December 19 to this ongoing regulatory fog, calling it a key spark for the volatility.
