Senet don set CLARITY Act markup for 29 Jan 2025 — Big step wey go lead to federal crypto rules

U.S. Senate Banking Committee don schedule one markup for the CLARITY Act (Crypto-Asset Regulatory Framework and Investor Transparency Act) for 29 January 2025 by 15:30 UTC. Markup na mean say committee go debate, propose amendments and vote — if dem pass am, dem go carry the bill go the full Senate. The CLARITY Act wan build one federal regulatory framework for digital assets by clear who dey in charge between SEC and CFTC, set rules for how to classify assets (securities vs commodities), exchange registration, stablecoin oversight, custody standards and investor disclosures. The new schedule shorten earlier delays wey dem report and show say committee don get fresh momentum. Market players — exchanges, custodians, token issuers and institutional investors — dey prepare compliance plans and dey file proposed amendments. For traders, the markup itself no go change market rules immediately but e be important catalyst: if committee pass am, e go increase chances for national regulatory clarity, reduce state-federal fragmentation, and e fit seriously affect liquidity, product launches and institutional offerings. Expect more volatility around the committee and floor votes and a longer legislative timeline because of political factors (including election-year slowdown), so regulatory risk go remain high in the near term.