The U.S. Senate Banking Committee has rescheduled the markup session for the CLARITY Act, a significant crypto market structure bill, to January 29, 2025, at 3:30 p.m. UTC. This move accelerates the legislative process, countering earlier reports of potential delays until February or March. The CLARITY Act aims to establish a comprehensive regulatory framework for digital assets, delineating responsibilities between the SEC and CFTC. The rescheduling reflects a renewed commitment from lawmakers to address regulatory challenges in the cryptocurrency market. The bill, initially introduced in a previous congressional session, seeks to resolve jurisdictional ambiguities and provide clear rules for consumer protection and market integrity. The upcoming markup will involve committee members debating and amending the bill before it advances to the full Senate floor.