White House Backs CLARITY Act as Senate Prepares Key September Floor Vote
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The White House says it is fully committed to passing the CLARITY Act in September with a pivotal cloture vote scheduled for September 15 that will require 60 senators to advance the bill. The legislation would divide digital-asset oversight between the SEC and CFTC and codify federal rules for crypto trading, token issuance and platforms including CEXs, DEXs and DeFi protocols. Passage would reduce regulatory uncertainty around fundraising, token launches and security compliance and could materially affect market structure and adoption.
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- Patrick Witt says the White House is fully committed to CLARITY Act passage in September.
- A September 15 cloture vote requires 60 senators to advance the legislation.
- The bill divides digital-asset oversight between the SEC and CFTC.
White House crypto policy chief Patrick Witt says the administration is fully committed to passing the CLARITY Act in September. His statement follows the Senate’s decision to leave Washington without completing action before its August recess. Senate leaders have placed the next procedural test in mid-September. The bill would define federal oversight for major crypto trading and issuance activities.
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White House Executive Director Patrick Witt says "The administration remains fully committed to getting the Clarity Act across the finish line in September."
"Durable rules, the kind only legislation can provide, are needed no…
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