The U.S. Senate Banking and Agriculture Committees are set to conduct a markup session for the CLARITY Act on January 15, 2025. This session marks a significant step in establishing a regulatory framework for digital assets in the United States. The CLARITY Act aims to resolve jurisdictional issues between the SEC and CFTC, providing clear guidelines for securities and commodities regulation in the crypto industry. The markup process will involve debating and amending the bill's text, with the goal of addressing stakeholder concerns and building consensus. Following this, the committees will vote on whether to advance the bill to the full Senate. The outcome of this legislative effort could significantly impact market stability, investor protection, and the U.S.'s competitive position in the global digital economy.