White House targets July 4 for Clarity Act passage, says crypto adviser Patrick Witt
Key takeaways
- I think that would be a tremendous birthday present for America, celebrating our 250th," Witt said.
- Kirsten Gillibrand shared on the same stage earlier in the day, when the New York Democrat predicted Clarity would reach the president's desk by the first week of August.
- "There's not a lot of slack left in the rope right now," Witt said.
Thom Tillis and Angela Alsobrooks "is closed," Witt said.The White House is pushing for a conflict-of-interest provision that applies "across the board" rather than targeting any single officeholder, in response to advocates who raised it as an answer to President Donald Trump's crypto interests.The White House is aiming for July 4 for Congress to pass the Digital Asset Market Clarity Act, Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, told CoinDesk's Consensus Miami conference on Wednesday.
"We're targeting July 4th. I think that would be a tremendous birthday present for America, celebrating our 250th," Witt said. The mechanics, according to Witt, are: Senate Banking Committee markup this month, four working Senate weeks in June for floor passage and enough runway for a U.S. House of Representatives vote before the Independence Day deadline.
That timeline runs ahead of the prediction Sen. Kirsten Gillibrand shared on the same stage earlier in the day, when the New York Democrat predicted Clarity would reach the president's desk by the first week of August.