Statement from the White House! The “Clarity Act,” Awaited by the Entire Cryptocurrency Market, Could Pass on This Date!

The process for the Clarity Act, one of the most important legislative proposals for cryptocurrency regulation in the US, is gaining momentum.

Whether or not stablecoins should offer interest or similar returns has been the biggest obstacle to the passage of the law to date. It has been the biggest point of contention between traditional banking and the cryptocurrency sector.

Although some progress has been made recently with a compromise on stablecoin interest payments, the banking sector argues that this is still insufficient.

While uncertainty surrounding the Clarity Act persists, a White House adviser said Congress aims to pass the bill by early July.

According to The Block, the US Congress aims to pass the Clarity Act before July 4th.

Speaking at the Consensus 2026 conference in Miami, White House cryptocurrency adviser Patrick Witt outlined a timeline for the bill to begin being considered by the Senate Banking Committee this month.

In this context, Witt said he believed the Senate could move the bill forward in June, leaving enough time for the House of Representatives to pass it as well.

Witt’s plan calls for a full vote in the Senate in June, followed by a final vote in the House of Representatives before Independence Day.

In this context, Witt emphasized that, despite the tight timeline, the goal was entirely achievable and would be a meaningful gift for the nation’s 250th anniversary.

Following the interest yields on stablecoins, the demand for an ‘ethical clause’ is emerging as a second important variable. Some Democratic lawmakers are questioning the connection between President Donald Trump and his family’s cryptocurrency businesses, demanding regulations to prevent conflicts of interest.

In response, Patrick Witt stated, “We cannot accept regulations that target specific individuals or families. However, I am optimistic that a compromise will be reached on this issue, as progress has been made in recent discussions with the Democratic Party.”

*This is not investment advice.

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