The post David Sacks Reaffirms White House Backing for CLARITY Act appeared on BitcoinEthereumNews.com. Key Highlights: Senator Tim Scott implements a pause on The post David Sacks Reaffirms White House Backing for CLARITY Act appeared on BitcoinEthereumNews.com. Key Highlights: Senator Tim Scott implements a pause on

David Sacks Reaffirms White House Backing for CLARITY Act

Key Highlights:

  • Senator Tim Scott implements a pause on the CLARITY Act bill.
  • David Sacks reassures the crypto community that the pause implemented by Tim Scott is procedural and not political.
  • Coinbase withdraws support, citing concerns in the current draft.

David Sacks, the White House’s AI and Crypto Czar, had posted on X today, January 15, 2026 and reaffirmed to the crypto community that the CLARITY Act bill is closer to passage. This tweet was posted by the Crypto Czar after a pause was announced by Senator Tim Scott earlier today.

Sen. Tim Scott Introduces a Brief Legislative Pause

Sacks was responding to a post by Senator Tim Scott (R-SC), Chairman of the US Senate Banking Committee, who said that the CLARITY Act bill continues to see strong bipartisan support.

Scott said the market structure framework is the result of months of talks with crypto founders, financial institutions, regulators, and law enforcement. In the tweet, the Senator added that the lawmakers from both parties are still negotiating, describing the pause as a normal part of the legislative process and is not a setback.

This pause has led to a new markup date, which is now scheduled for January 27, 2026, after the updated bill text is released.

With this post, the remark by Sacks indicates that there is an urgency to set clear rules through implementation of the CLARITY Act so that innovation can move forward without hesitation.

This push for legislation has come after high-profile collapses which includes FTX collapse, which exposed all the gaps that exist in crypto oversight.

Pause Meant to Resolve Remaining Issues

Along with Scott, David Sacks also made sure that the crypto community knows that this pause does not mean a breakdown. He urged the crypto industry to use this time to resolve remaining issues, calling it the right time to set clear rules and secure the industry’s future.

He later added that the White House remains fully committed to working with lawmakers and industry stakeholders to pass bipartisan crypto market structure legislation as soon as possible.

Coinbase Pulls Support Ahead of Senate Markup

Even though Washington has indicated that it is backing the CLARITY Act, part of industry remains divided over the CLARITY Act bill’s current form. In recent turn of events, Coinbase announced that it has withdrawn support for the current draft of the CLARITY Act and stated that the key provisions could be worse than having no legislation at all.

The move by Coinbase has come right before the Senate Banking Committee’s markup that was scheduled for today, January 15, 2026.

Also Read: Senate Unveils Crucial 278-Page Crypto Bill Ahead of Vote

Source: https://www.cryptonewsz.com/david-sacks-reaffirms-white-house-clarity-act/

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