White House Reviews Crypto Clarity Act as Lawmakers Scramble to Meet Deadline

The White House is reviewing the latest draft of the Crypto Clarity Act, which aims to provide regulatory clarity for digital assets. The bill has been in the works for some time and has seen bipartisan support from lawmakers.

Senator Thom Tillis said that the White House is currently reviewing the ethics text drafted by lawmakers, with people working on it 'right now.' He noted that if the Senate stays in Washington past its scheduled departure date, there's still a chance of a vote on the bill.

Republicans like Senator Cynthia Lummis have accused Democrats of deliberately holding back the bill. However, momentum is building outside the Senate floor, with South Carolina Republican Darline Graham expressing support for swift passage and framing the Clarity Act as central to President Trump's push to keep digital-asset innovation in the U.S.