White House Targets CLARITY Act Passage Before July 4
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White House aims to pass the CLARITY Act before July 4; the Senate Banking Committee is expected to advance the crypto market-structure bill later this month, signaling potential regulatory clarity for crypto, DeFi and stablecoins. A compromise on stablecoin rewards cleared a major negotiation hurdle; White House supports broad ethics rules (opposing politician-specific restrictions) while final language is still being negotiated.
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- White House targets CLARITY Act passage before July 4 as Senate talks advance.
- Stablecoin rewards compromise clears a major hurdle in ongoing crypto bill negotiations.
- White House backs broad ethics rules, opposes politician-specific restrictions.
The White House is aiming to move the Digital Asset Market Clarity Act through Congress before July 4, according to White House digital assets adviser Patrick Witt, who said the Senate Banking Committee is expected to advance the legislation later this month.
The update shows a continued momentum for the crypto market structure bill after months of delays tied to disagreements over stablecoin yield provisions and conflict-of-interest language. Witt also stated that discussions surrounding the stablecoin rewards issue are now largely settled, while separate negotiations continue over ethics rules linked to public officials…
Read The Full Article White House Targets CLARITY Act Passage Before July 4 On Coin Edition.
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