PiCK
White House virtual-asset official: "Constructive discussions with U.S. Senate on CLARITY bill"
Summary
- The White House and the U.S. Senate said they held constructive discussions on the virtual-asset (cryptocurrency) market-structure bill 'CLARITY'.
- The White House advisor said he expects to be able to review a bipartisan draft of the bill soon.
- The talks were described as a key step in clarifying virtual-asset regulation, including the allocation of market oversight authority between the CFTC and the SEC.
Discussions between the U.S. Senate and the White House on the virtual-asset (cryptocurrency) market-structure bill 'CLARITY' appear to be progressing constructively.
On the 6th (local time), David Sacks, the White House advisor for cryptocurrency and artificial intelligence, said on X, "Today I had a productive discussion with Senator John Boozman, Chair of the Senate Agriculture Committee, and Senator Cory Booker about the virtual-asset market-structure bill."
He added, "I expect we will be able to review a bipartisan draft in the near future." The talks are part of a market-structure legislative process to clarify virtual-asset regulation and are seen as a key step in deciding how to allocate market oversight authority between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
