In an exciting development, the US Senate Committee on Banking, Housing, and Urban Affairs has set a milestone date for the CLARITY Act, which represents a major advance in the creation of a government regulatory framework for cryptocurrency use and operations in the United States.
Time to Move Crypto Legislation Forward – Sen. Banking Committee Chair
The CLEAR Act was introduced in May 2025 and passed by the House of Representatives in July. It is a landmark US crypto market structure bill designed to define regulatory responsibilities between the SEC and CFTC, clarify asset classification, and establish compliance mechanisms for digital asset markets. The bill has been referred to the US Senate for consideration, starting with review by the appropriate Senate Committee.
In the X post on January 10, Fox Correspondent Eleanor Terrett said that the US Senate Committee on Banking, Housing, and Urban Affairs, chaired by Republican Chairman Tim Scott, has set up a markup session for the CLARITY Act at 10 am EST on Thursday, January 15, 2026. In context, the markup represents an important legislative process, and it also reviews the debate in which the committee prepares. the proposed bill before it is presented to the full chamber.
Commenting on this development, Chairman Tim Scott explained the potential importance of the CLARITY Act, emphasizing its role in turning the US into the crypto capital of the world.
The Republican said:
This legislation is about making America the crypto capital of the world – so the next generation of jobs and innovation is built here, not overseas. When we set clear rules, we give entrepreneurs the confidence to start companies, hire workers, and grow right here in the United States. We’re making it harder for criminals and foreign adversaries to use new technologies to rob Americans or undermine our financial system. After months of hard, collaborative work, it’s time to move forward and deliver real results for the American people.
Notably, the Banking Committee’s announcement received a positive response from crypto enthusiasts. This is because the CLARITY Act is expected to bring legal clarity and introduce necessary safeguards that can promote the adoption of common digital assets among individuals and institutions alike.
CALARITY Act To Go Into Law In March
In other developments, Eleanor Terrett predicts that the CLARIFICATION Act could be approved in the next two months as a savings measure. The Fox reporter explains that the bill will be developed next week, following a proposed markup that will be included in the Agriculture Committee section before being read on the Senate floor for a vote. Once approved, it is sent back to the House of Representatives and eventually placed back on President Donald Trump’s desk.
Considering these processes and their length, Terrett expects the CLARITY Act to receive full approval in March at the earliest.
Featured image from PYMNTS, chart from Tradingview
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