CLARITY Act Could Pass Congress by July with White House and Senate Support

The CLARITY Act, a bill addressing crypto asset regulation, may clear Congress before July, Kristin Smith, President of the Solana Policy Institute, told Fortune Crypto Playbook. Smith said lawmakers, key senators and the White House remain actively engaged, pushing the Senate Banking Committee to complete its review by March or April for a full Senate vote before the July recess, despite Coinbase CEO Brian Armstrong withdrawing his support in January. Traditional financial institutions and crypto firms are directly involved in negotiations for the first time, while President Trump has used social media to pressure banks, developments Smith said increase the likelihood of the bill passing and establishing rules for integrating crypto assets into the mainstream financial system.