The CLARITY Act is expected to pass before July, marking the first time that traditional financial institutions and crypto companies are jointly involved.

PANews reported on March 7th, citing Fortune, that Kristin Smith, a senior Washington crypto policy expert and president of the Solana Policy Institute, stated that the CLARITY Act, legislation targeting crypto assets and services, could pass Congress before July. In the latest episode of Fortune Crypto Playbook, Smith pointed out that despite Coinbase CEO Brian Armstrong withdrawing his support in January, causing industry concerns, the active involvement of several key senators and the White House team makes the bill still likely to move forward. Smith revealed that the legislative team is pushing the Senate Banking Committee to complete its review in March or April so that the bill can be submitted to the full Senate for a vote before the July recess. She emphasized that traditional financial institutions and crypto companies are actively participating in negotiations for the first time, and President Trump is also pressuring banks through social media, increasing the likelihood of the bill's passage. If it proceeds smoothly, the CLARITY Act will provide clear rules for the integration of crypto assets into the mainstream financial system, marking a new phase in crypto industry regulation.