U.S. crypto market structure legislation moved closer to its next formal step after confirmation that a Senate committee markup is planned for January. The update followed a call involving David Sacks , Tim Scott, and John Boozman, according to posts shared on X. The planned markup would be the first detailed Senate review of the Digital Asset Market Clarity Act, commonly known as the CLARITY Act. A markup allows committee members to debate provisions, introduce amendments, and vote on whether to advance the bill. While it does not guarantee a floor vote, it signals that negotiations have reached a stage where lawmakers are ready to work line by line. House sponsors also remain involved as talks continue across chambers. French Hill and GT Thompson were cited by Sacks as part of the leadership group pushing the process forward. The coordination reflects the shared jurisdiction over crypto market structure between financial and agricultural committees. What the Bill Covers and Why Timing Matters The CLARITY Act passed t he House in mid-2025 with bipartisan support and later moved to the Senate, where it was referred to committee. Since then, progress has stalled amid disputes over regulatory scope, especially the division of authority between the Securities and Exchange Commission and the Commodity Futures Trading Commission. As written, the bill seeks to define which digital assets qualify as securities and which fall under a new category of digital commodities. It would place most spot market oversight for digital commodities with the CFTC , while preserving SEC authority in specific cases. The framework also introduces compliance requirements for trading platforms, custody standards, and anti-money-laundering obligations. January timing matters because it sets a concrete window for action after years of delays. Industry participants have long pointed to regulatory uncertainty as a barrier to U.S. onchain activity. While the upcoming markup does not ensure passage, it marks the clearest procedural signal yet that the Senate intends to engage directly with crypto market structure in early 2026. If the bill advances out of committee, Senate leaders would still need to secure floor time and resolve remaining policy disagreements. Even so, a January markup would represent a shift from discussion to execution, moving the CLARITY Ac t closer to a full Senate vote.
