ME News news, December 19 (UTC+8), December 19, White House cryptocurrency and artificial intelligence director David Sacks stated that the "CLARITY Act" (Cryptocurrency Market Structure Act) will be submitted to the Senate for debate and amendments next month, followed by a full vote. Senate Banking Committee Chairman Tim Scott and Agriculture Committee Chairman John Boozman have confirmed that the bipartisan proposed draft of the "CLARITY Act" will be reviewed by the Senate next month. The "CLARITY Act" will define cryptocurrency securities and commodities, and clarify the responsibilities of the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and other financial regulatory agencies. (Source: ME)