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White House Crypto Chief Announces January Markup for CLARITY Act

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White House crypto chief David Sacks confirmed the CLARITY Act markup will occur in January, following a call with Senate Banking Committee Chairman Tim Scott and Agriculture Committee Chairman John Boozman. The bill aims to clarify digital asset regulation, including roles for the SEC and CFTC. It also addresses Countering the Financing of Terrorism and liquidity and crypto markets. The markup process will include debate, amendments, and a committee vote before moving to the full Senate. The legislation is seen as a step toward regulatory clarity and consumer protection.
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