Senator Tim Scott has announced a timeline for the Cryptocurrency Market Structure Bill (CLARITY), setting the stage for a potential vote in the Senate plenary session early next year. This bill aims to create a comprehensive regulatory framework for the cryptocurrency industry, a move eagerly anticipated by investors and businesses alike. The CLARITY Act seeks to divide regulatory oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This division of responsibilities could provide much-needed clarity for crypto companies currently navigating a complex legal landscape. Furthermore, the bill proposes exemptions from the Securities Act of 1933 registration requirements for certain cryptocurrencies meeting specific criteria. This provision could foster innovation and growth within the digital asset space. The markup is slated for December. This legislation could significantly impact the future of cryptocurrency regulation in the United States. ```