Trump Administration Pushes for September CLARITY Act Vote Amid Senate Delays
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The Trump administration remains committed to passing the CLARITY Act in September, despite the Senate's delay until after its August recess, to establish a federal market structure for digital assets.
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Warum es wichtig ist
The CLARITY Act aims to clarify regulations for digital assets in the US.
US President Donald Trump’s administration remains committed to passing the CLARITY Act in September despite the Senate’s decision to delay action until after its August recess, according to the White House’s top crypto policy official.
Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, said Tuesday on X that the administration would continue negotiating with Democrats “all the way up until the September vote,” adding, “we also can’t afford to wait forever.”
The Senate is expected to hold a cloture vote on the bill in mid-September, a procedural step that would require 60 votes to advance CLARITY toward a final vote.
The CLARITY Act would establish a federal market structure for digital assets, including rules governing when crypto tokens fall under securities or commodities laws and how trading platforms are regulated.
Several disagreements remain unresolved ahead of the September vote. Senate lawmakers have yet to announce a solution to Democratic demands for stricter ethics provisions targeting Trump-linked crypto interests. Banking groups have also pushed for changes to rules that could allow companies to pay rewards to stablecoin holders.
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The Senate will vote on the CLARITY Act in mid-September.
Wahrscheinlich · Innerhalb von Tagen
Offene Fragen
- Will the Senate agree on stricter ethics provisions?
- How will the rules for stablecoin holders be finalized?
