White House Moves to Advance Clarity Act in Senate as Crypto Market Faces Prolonged Bearish Pressure

The White House is moving to accelerate Senate consideration of the Clarity Act, which passed the House in 2025 but has since stalled after Coinbase Global withdrew its support. President Donald Trump is reportedly seeking a meeting with senior banking and cryptocurrency executives, as well as hosting discussions on stablecoin yields, while the broader crypto market remains under bearish pressure. With the 2026 midterm elections approaching and a pro-crypto administration in place, political backing for the bill is seen as a potentially positive signal for digital asset sentiment.