Bipartisan CLARITY Act to get Senate Banking Committee markup in January 2026; Senate confirms CFTC chair Michael Selig (53–43), who called XRP 'just code, like gold or whiskey'

first published 2025-12-18T22:32:29Z

David Sacks says the bipartisan Digital Asset Market CLARITY Act will reach the Senate with a Senate Banking Committee markup expected in January. The bill would define which crypto assets are securities versus commodities, clarify SEC and CFTC jurisdictions, reduce regulatory uncertainty for crypto firms and strengthen investor protections. Senators Tim Scott and John Boozman confirmed the timeline, and US regulators continued engagement with firms including Coinbase, Ripple, Kraken and Circle during a recent government shutdown.

AI Analysis

Summary states the CLARITY Act will reach the Senate with a January Banking Committee markup and that the bill would define crypto securities/commodities and clarify SEC/CFTC roles. Supporters say this reduces regulatory uncertainty and creates clearer compliance pathways and encourages innovation; timeline confirmations and regulator engagement with firms were also reported. Those concrete policy steps and confirmations justify a mildly positive sentiment and moderate market impact (policy clarity is helpful but not an immediate market catalyst).

Source Articles