coin-img-ETHETH-3.56%coin-img-BTCBTC-1.41%coin-img-TONCOINTONCOIN+19.92%coin-img-SOLSOL-0.40%coin-img-INTEINTE+52.02%coin-img-XRPXRP-2.56%coin-img-USDCUSDC+0.01%coin-img-KAIOKAIO+280.00%coin-img-ETHETH-3.56%coin-img-BTCBTC-1.41%coin-img-TONCOINTONCOIN+19.92%coin-img-SOLSOL-0.40%coin-img-INTEINTE+52.02%coin-img-XRPXRP-2.56%coin-img-USDCUSDC+0.01%coin-img-KAIOKAIO+280.00%coin-img-ETHETH-3.56%coin-img-BTCBTC-1.41%coin-img-TONCOINTONCOIN+19.92%coin-img-SOLSOL-0.40%coin-img-INTEINTE+52.02%coin-img-XRPXRP-2.56%coin-img-USDCUSDC+0.01%coin-img-KAIOKAIO+280.00%coin-img-ETHETH-3.56%coin-img-BTCBTC-1.41%coin-img-TONCOINTONCOIN+19.92%coin-img-SOLSOL-0.40%coin-img-INTEINTE+52.02%coin-img-XRPXRP-2.56%coin-img-USDCUSDC+0.01%coin-img-KAIOKAIO+280.00%

White House Urges CLARITY Act Passage by July 4 Deadline Amid Stablecoin Rewards Consensus

The White House is actively advocating for the Digital Asset Market Clarity Act (CLARITY Act) to pass Congress before July 4, according to Patrick Witt, the administration's digital assets adviser. Witt stated that the Senate Banking Committee is anticipated to advance the bill later this month. Significant progress has been made on stablecoin yield provisions, with Witt characterizing the issue as "closed" after extensive negotiations. Senators Thom Tillis and Angela Alsobrooks have proposed a framework allowing activity-based stablecoin rewards while restricting idle-yield models. Coinbase Chief Legal Officer Paul Grewal endorsed this compromise at Consensus 2026, urging banking groups to accept the deal. Discussions continue regarding ethics rules for public officials. Witt also indicated that updates on a proposed U.S. Strategic Bitcoin Reserve are expected in the coming weeks, following President Donald Trump's executive order.
BTC
BTC-1.43%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.