CLARITY Act on Brink of Completion Amid White House Pressure

The White House says a crypto deal is near as the CLARITY Act enters its 'binary stage' after prolonged negotiations.

CLARITY Act talks have narrowed to a handful of final issues, according to Patrick Witt, the White House's crypto adviser.

Witt said lawmakers have made significant progress in defining digital assets and assigning responsibilities to regulatory agencies, but some issues remain unresolved.

President Donald Trump wants the CLARITY Act completed in September before Congress enters recess.