White House Pushes CLARITY Act as Senate Window Narrows
The Digital Asset Market Clarity Act would establish the first comprehensive US federal framework for issuing and trading crypto assets, while clarifying regulators’ jurisdiction. Supporters say legislation is needed to make the Trump administration’s recent policy shift durable beyond the current presidency. Senate negotiations, however, remain complicated by proposed ethics restrictions on senior government officials’ ties to digital-asset businesses.
President Donald Trump met executives from Coinbase, Gemini, Ripple, Chainlink Labs and other technology and financial companies at the White House on August 19, urging Congress to approve a “fair version” of the CLARITY Act. The bill needs 60 votes to clear the Senate during a narrow September window and would then return to the House for approval. Another recess would carry Congress toward the November 3 midterm elections, sharply reducing the chances of passage in 2026.
All Coverage
1 original reportsThe Backstory
The history behind this eventWhite House Officials Push to Pass CLARITY Act by July 4
The CLARITY Act aims to create the first federal market regulatory framework for U.S. digital assets, chiefly by defining the respective jurisdictions of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). If enacted, the bill would affect token classification, trading-platform compliance and investor protection. It is also a key part of the Trump administration’s effort to institutionalize cryptocurrency policy.
White House crypto adviser Patrick Witt said officials were pushing to complete the legislation by July 4, 2026. The Senate Banking Committee is expected to hold a markup in May before sending the bill to the Senate floor in June. However, four disputed issues — including stablecoin yield mechanisms and ethics provisions for public officials — still require a bipartisan compromise. The estimated chance of passage has fallen below 50%, while one reporter said the legislative process could make meeting the deadline difficult.
Subscribe to Mark Radar Weekly
Every Friday, the week's strongest signals in your inbox. Unsubscribe anytime.
If you search news on Google, you can set Mark Radar as a preferred source—our coverage will show up more often in your results. Set as preferred source on Google →