White House · CLARITY Act · U.S. · US Senate · Crypto Briefing
CLARITY Act unlikely to pass by July 4 due to logistical issues
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Crypto journalist Eleanor Terrett calls the White House's ambitious deadline for landmark digital asset legislation 'logistically impossible'.
Key facts
- The House passed its version, H.R. 3633, in July 2025 with a 294-134 vote
- White House advisor Patrick Witt announced in early May 2026 that the administration was targeting July 4 for enactment, meant to coincide with America’s 250th anniversary
- The Digital Asset Market Clarity Act would draw clear lines between the SEC and CFTC, establishing which agency oversees which digital assets
- Crypto journalist Eleanor Terrett calls the White House's ambitious deadline for landmark digital asset legislation 'logistically impossible
Summary
The White House wanted to sign the most significant piece of crypto legislation in US history on America’s 250th birthday. Eleanor Terrett, a prominent crypto policy journalist, stated on June 13 that passage of the CLARITY Act by the July 4 deadline is “logistically impossible.” The assessment boils down to a brutal combination of unresolved bipartisan ethics language, differences between Senate and House versions of the bill, and the small matter of needing 60 Senate votes to overcome a filibuster. The Digital Asset Market Clarity Act would draw clear lines between the SEC and CFTC, establishing which agency oversees which digital assets. The bill has already cleared significant hurdles.