The CLARITY Act, a bipartisan cryptocurrency market structure bill, is set to enter the Senate "markup" phase in January, according to David Sacks, the White House lead on AI and crypto affairs. Senate Banking Committee Chair Tim Scott and Agriculture Committee Chair John Boozman have confirmed that the bill will advance in the Senate's legislative process in the new year. If the Senate approves the revised version, it will return to the House for final approval before being sent to President Trump for signing.