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In an exciting development, the U.S. Senate Committee on Banking, Housing and Urban Affairs has set a deadline for the CLARITY Act, marking significant progress in establishing a federal regulatory framework for the use and operations of cryptocurrencies within the United States.
It’s time to maneuver forward on crypto laws – Senate Banking Committee Chairman
The CLARITY Act was introduced in May 2025 and passed by the House of Representatives in July. It is a groundbreaking bill on the structure of the US crypto market that goals to define regulatory responsibilities between the SEC and CFTC, make clear asset classification, and establish compliance paths for digital asset markets. The bill has since been sent to the U.S. Senate for consideration, starting with revision by the suitable Senate committee.
In a Jan. 10 X post, Fox reporter Eleanor Terrett explained that the U.S. Senate Committee on Banking, Housing and Urban Affairs, led by Republican Chairman Tim Scott, has scheduled the CLARITY Act markup session for Thursday, Jan. 15, 2026, at 10 a.m. EST. By comparison, markup represents a key legislative process during which lawmakers in relevant committees review, debate, amend, and rewrite a bill before it’s presented to the complete chamber.
Commenting on this development, Chairman Tim Scott explained the potential importance of the CLARITY Act and highlighted its role in transforming the US into the crypto capital of the world.
The Republican said:
This laws is about making America the crypto capital of the world – in order that the following generation of jobs and innovations are created here, not abroad. When we set clear rules, we give entrepreneurs the boldness to start out businesses, hire staff, and grow here within the United States. We're also making it harder for criminals and foreign adversaries to make use of recent technologies to tear off Americans or undermine our economic system. After months of great, bipartisan work, it's time to maneuver this forward and deliver real results for the American people.
Notably, the Banking Committee's announcement has garnered many positive reactions from crypto enthusiasts. This is since the CLARITY Act is predicted to offer regulatory clarity and in addition introduce the obligatory guardrails that will encourage greater adoption of digital assets amongst individuals and institutions alike.
CLARITY Act is scheduled to take effect by March
In other developments, Eleanor Terrett predicts that the CLARITY Act might be ratified on a conservative basis in the following two months. The Fox reporter explains that the bill is predicted to be introduced next week after the proposed surcharge can be merged with the Agriculture Committee portion before being sent to the Senate for a vote. Once approved, it’s going to be sent back to the House of Representatives and ultimately to President Donald Trump's desk for processing.
Given these processes and their respective lengths, Terrett doesn’t expect the CLARITY Act to receive full approval until March on the earliest.
The total crypto market capitalization is estimated at $3.06 trillion on the each day chart | Source: TOTAL chart on Tradingview.com
Featured image from PYMNTS, chart from Tradingview
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