White House Silence Stymies Progress on Clarity Act Counterproposal

The White House has yet to respond to a key counterproposal submitted by supporters of the Clarity Act, a development that may complicate negotiations and delay regulatory clarity for crypto and DeFi markets.

The proposal, pushed by Senators Thom Tillis and Ruben Gallego, would grant state attorneys general the authority to enforce laws against federal officials. This change could potentially slow down the passage of the bill, which has already faced some setbacks.

The absence of a response from the White House after a weekend in which supporters expected progress on the Clarity Act is seen as a setback for its momentum. The bill aims to provide regulatory clarity for exchanges and token projects.