Key Takeaways
- David Sacks, serving as the White House AI and crypto czar, was spotted exiting the office of Senator Tim Scott, where a dozen senators had gathered to discuss the CLARITY Act, a proposed crypto market structure bill.
- The bill’s markup is expected to take place later this month.
David Sacks may have met with lawmakers on Tuesday to discuss crypto market structure legislation, the CLARITY Act.
The White House’s AI and crypto czar was seen departing Senator Tim Scott’s office, where a group of senators had gathered this morning to discuss next steps for the bill, as reported by Punchbowl News’ Brendan Pedersen.
Sacks has stated that the US is poised to pass legislation for Bitcoin and other crypto assets with a planned markup for the bill in January. This has been supported by discussions with Senate Banking Committee Chairman Tim Scott and Senate Agriculture Committee Chairman John Boozman.
The legislation aimed at bringing regulatory clarity to the crypto sector could be delayed for years, according to TD Cowen. The firm said the CLARITY Act may not pass until 2027, with implementation closer to 2029.
The delay is largely political, with Democrats reluctant to advance the bill ahead of the 2026 elections amid concerns over Trump’s involvement in crypto-related ventures.
Source: https://cryptobriefing.com/david-sacks-discusses-crypto-legislation-senators/
