Overview
- David Sacks was seen leaving Senator Tim Scott’s office as a group of senators met to discuss next steps for the CLARITY Act.
- Scott convened the bipartisan session and has warned he may move ahead without indefinite consensus if negotiations stall.
- A mid‑January committee markup is being prepared, with reports pointing to potential action later this month if text is finalized.
- A dispute over conflict‑of‑interest rules targeting senior officials linked to Trump remains the main hurdle, with TD Cowen forecasting passage in 2027 and rulemaking extending toward 2029.
- Policy splits over stablecoins, token classification, DeFi oversight, enforcement standards, and SEC‑CFTC jurisdiction persist, even as prediction markets assign notable odds to 2026 movement.