Odaily Planet Daily reports that Patrick Witt, Executive Director of the President’s Council of Advisors on Digital Assets, stated that the Trump administration will continue negotiating with Democrats until the Senate votes on the CLARITY Act in September, but cannot wait indefinitely. The Senate is expected to vote on cloture for the bill in mid-September, a procedure requiring 60 votes to advance the legislation to a final vote. The CLARITY Act aims to establish a federal market structure for digital assets, clarify the conditions under which crypto tokens fall under securities or commodities regulations, and regulate trading platforms. Disagreements remain unresolved over stricter ethics provisions targeting Trump-linked crypto interests and provisions allowing businesses to pay rewards to stablecoin holders. (Cointelegraph)
The White House aims to push for a vote on the CLARITY Bill in September amid ongoing negotiations.
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White House digital asset update: Patrick Witt, head of the President’s Council of Advisors for Digital Assets, said the Trump administration is advocating for a September Senate vote on the CLARITY bill. The bill aims to establish a federal market structure for digital assets, clarify regulations for tokens, and set rules for trading platforms. Disagreements persist over ethics provisions and stablecoin rewards. A cloture vote is anticipated in mid-September, requiring 60 votes to move forward. Digital collectibles news also reflects increasing regulatory attention as part of broader cryptocurrency policy initiatives.
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