David Sacks: The legislation on the structure of the crypto market is closer than ever to passing. The crypto industry should use the current buffer period to resolve remaining disagreements.

MarsBitNews · 2026-01-15T11:44:14+00:00

White House Cryptocurrency Director David Sacks stated that the likelihood of legislation on the structure of the cryptocurrency market increasing, and the industry should seize this opportunity to resolve disagreements and establish rules. The White House is working with the Senate and industry to promote legislation, but the revision hearing for the CLARITY Act has been canceled, and no schedule has been set. The bill aims to clarify regulatory authority and the classification of digital assets.

MarsBitNews

2026-01-15 11:44:14

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Mars Finance News, on January 15th, White House Cryptocurrency and Artificial Intelligence Director David Sacks stated, “The likelihood of market structure legislation passing is closer than ever before. The cryptocurrency industry should leverage the current buffer period to resolve all remaining disagreements. Now is the best time to establish industry rules and ensure the future development of the industry. The White House remains committed to working with Senate Banking Committee Chairman Scott, committee members, and industry stakeholders to push for bipartisan support for the passage of the crypto asset market structure legislation as soon as possible.” Previously, key supporters such as Coinbase opposed the current version of the CLARITY Act, and the Senate Banking Committee has canceled the hearing on the CLARITY Act amendments. It is not yet clear when the hearing will be held. The bill aims to clarify the regulatory authority between the Commodity Futures Trading Commission and the Securities and Exchange Commission, define when digital assets should be classified as securities or commodities, and establish new disclosure requirements.

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