White House Reaffirms Commitment to Passing CLARITY Act
The White House has reaffirmed its commitment to passing the CLARITY Act in September. In a statement on August 11, White House crypto adviser Patrick Witt said the administration remains 'fully committed' to getting the bill through Congress before the September 15 cloture vote.
Witt blamed Democratic delays for leaving the U.S. behind in digital assets and weakening efforts against crypto crime. The administration's position is that these delays are hindering progress, but it does not provide a clear reason for why the bill stalled in the first place.
The CLARITY Act needs 60 votes to pass the cloture threshold. So far, it has attracted bipartisan backing, with the House passing the legislation by a vote of 294-134 in July 2025 and the Senate Banking Committee advancing its version by a margin of 15-9 in May.
The main disputes surrounding the bill remain unresolved. Democrats have sought stronger enforcement of ethics restrictions covering government officials with crypto business interests, while some Republicans have pushed for stronger money laundering protections and safeguards against deposit losses at community banks. Stablecoin rewards are also a point of contention, with banks arguing that they could pull deposits away from lenders.
The SEC has scheduled an open meeting on August 14 to consider proposing new rules creating a tailored offering regime for certain investment contracts involving crypto assets.