Clarity Act Negotiations Enter Critical Phase as White House, Wall Street Join Talks

Kristin Smith, President of the Solana Policy Institute, said on March 7 that negotiations over the Clarity Act have entered a critical phase, with senior White House officials including presidential aide David Sacks now directly engaged in seeking compromises, and traditional financial institutions participating in discussions for the first time, BlockBeats reports. She noted that resistance following Coinbase CEO Brian Armstrong's withdrawal of support and banking sector controversy, combined with the bill's complexity, point to a lengthy legislative process. Smith said that while Elizabeth Warren remains opposed, backing from key Democrats such as Chuck Schumer and sustained pressure from President Trump are altering passage odds, with prediction markets showing higher expectations for crypto legislation this year after Trump urged banks to concede in a Wednesday post on Truth Social. She added that if the Senate Banking Committee completes its review in March or April, the bill could move forward before the July recess, otherwise the next legislative window is expected in autumn.