White House targets July 4 for Clarity Act passage, says crypto adviser Patrick Witt
CoinDesk
White House crypto adviser Patrick Witt announced a goal to pass the Digital Asset Market Clarity Act by July 4, 2026.Summary
Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, announced that the White House is aiming to pass the Digital Asset Market Clarity Act by July 4, 2026. The proposed legislative timeline includes a Senate Banking Committee markup this month, followed by floor passage in June. Witt highlighted the importance of establishing U.S. regulatory standards to prevent global competitors, such as China, from setting international rules. Additionally, he noted that compromise on stablecoin-yield provisions has been reached and ongoing negotiations regarding conflict-of-interest rules are nearing completion.
(Source：CoinDesk)