David Sacks: The "CLARITY Act" will be submitted to the Senate for debate and vote next month

David Sacks, the White House Director of Cryptocurrency and Artificial Intelligence, stated that the "CLARITY Act" will be submitted to the Senate next month for debate and amendment, followed by a full vote. Senate Banking Committee Chairman Tim Scott and Agriculture Committee Chairman John Boozman confirmed that this bipartisan bill will be considered by the Senate next month. The "CLARITY Act" will define crypto securities and commodities, and clarify the responsibilities of the SEC, CFTC, and other financial regulatory agencies.