- The U.S. Senate said it will hold an official review of the market structure bill on January 15.
- The market structure bill is said to separate the supervisory authority of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), and to exempt certain virtual assets from registration requirements under the Securities Act of 1933.
- It said the review is expected to accelerate discussions on the direction of virtual asset regulation in the U.S. and the division of roles among agencies.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The U.S. Senate has finalized the schedule for an official review of the market structure bill (the CLARITY Act).
On the 31st (local time), Eleanor Terrett, host of Crypto in America, reported that the U.S. Senate will conduct a review of the market structure bill on January 15 (local time).
The bill was initially pursued under Republican leadership with the aim of passing it last year, but the schedule was delayed and it was carried over into this year. Afterwards, David Sacks, the White House official for AI and virtual assets (cryptocurrencies), officially confirmed that the Senate is set to begin reviewing the bill in January this year.
The market structure bill aims to reorganize the regulatory framework for the virtual asset industry as a whole. Its core provisions separate the supervisory authority of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and exempt certain virtual assets that meet specific criteria from registration requirements under the Securities Act of 1933.
With the Senate review moving forward, discussions on the direction of virtual asset regulation in the U.S. and the division of roles among agencies are expected to accelerate.
