crypto: White House targets July 4 for Clarity Act passage, says crypto adviser Patrick Witt

The executive director of the President's Council of Advisors for Digital Assets said the Senate Banking Committee hearing will happen this month on market structure. bill. What to know : White House digital-assets adviser Patrick Witt said the administration is targeting July 4 for House passage of the Clarity Act, with the Senate Banking Committee markup planned for this month and four working Senate weeks in June for floor passage. The stablecoin-yield compromise inside Clarity between Sens. Thom Tillis and Angela Alsobrooks "is closed," Witt said. The White House is pushing for a conflict-of-interest provision that applies "across the board" rather than targeting any single officeholder, in response to advocates who raised it as an answer to President Donald Trump's crypto interests.