White House adviser says Clarity Act could become law by July 4

A senior White House official expressed optimism this week that the Clarity Act could reach President Donald Trump's desk by Independence Day. The comments came during Consensus Miami 2026, where lawmakers and industry figures also discussed ethics rules and prediction markets.

White House Executive Director Patrick Witt told attendees it remains possible for Trump to sign the Clarity Act into law by July 4. The schedule would require a Senate Banking Committee markup this month, several weeks for bill merging and reconciliation, and final votes in both chambers.

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Senate banking committee members in a formal hearing room debating cryptocurrency legislation.
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Senate banking committee to mark up clarity act next week

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Lawmakers are accelerating efforts to advance the Digital Asset Market Clarity Act through the Senate, with a key committee markup scheduled for the week of May 11. White House and congressional officials are pushing for passage by July 4 amid ongoing negotiations over stablecoin rules and ethics provisions.

A Coinbase executive and crypto adviser predict the Senate Banking Committee will hold its markup on the Digital Asset Market Clarity Act this month, leaving time for a potential Senate floor vote in June as lawmakers target July 4 passage.

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The CLARITY Act, aimed at providing regulatory clarity for digital assets, is advancing in Washington with hopes of passage by mid-2026. Negotiations focus on stablecoin yields, drawing involvement from President Trump and industry leaders. The bill could benefit ISO 20022-compliant coins like XRP and Stellar amid ongoing debates between banks and crypto firms.

The latest White House meeting between bankers and crypto experts showed progress on stablecoin yield issues, though no agreement was reached. This third session aimed to resolve a key impasse blocking the Digital Asset Market Clarity Act. Participants described the discussions as constructive, with more talks expected.

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In the latest on the stalled Digital Asset Market Clarity Act, former CFTC Chair Christopher Giancarlo argues banks require regulatory clarity more urgently than crypto companies for digital payments. The bill remains deadlocked over stablecoin rewards after missing a March 1 White House deadline, amid banks' fears of capital flight.

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