White House Aims for July 2026 Passage of Digital Asset Market Clarity Act
- The White House is targeting a July 4, 2026 deadline for the passage of the Digital Asset Market Clarity Act, according to adviser Patrick Witt.
- Senate Banking Committee markup is set for May, with a Senate floor vote in June and House passage before Independence Day.
- A compromise on stablecoin yield provisions was reached by Senators Thom Tillis and Angela Alsobrooks, prohibiting bank-deposit-equivalent yield while allowing activity-based rewards tied to spending.
- Paul Grewal, Coinbase’s chief legal officer, expressed confidence that the Clarity Act will pass this summer.
The White House plans to finalize the Digital Asset Market Clarity Act by July Fourth, marking a significant milestone in digital asset regulation. The timeline includes a Senate Banking Committee markup in May and a Senate floor vote in June.
With bipartisan support on stablecoin provisions, the administration is optimistic about meeting its deadline for legislative approval by July Fourth (Source).
