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White House pushes Senate to pass CLARITY Act before recess
The push comes as lawmakers try to merge SEC and CFTC oversight provisions into a unified Senate package, with a deadline tied to the Aug. 7 summer recess start.
The White House is increasing pressure on the US Senate to pass the CLARITY Act before lawmakers leave Washington for the August recess, framing the bill as part of the United States’ competitiveness with China in cryptocurrency and artificial intelligence, according to CryptoSlate. On July 13, President Donald Trump urged Congress to approve the legislation and argued China seeks control over both digital assets and AI. Patrick Witt, the administration’s top digital-assets adviser, said the coming days are a critical week for the CLARITY Act, warning that further delays could waste months of legislative work and weaken the bill’s chances.
CryptoSlate reports that the CLARITY Act would create a federal framework for crypto trading and issuance, splitting oversight responsibilities between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Witt pointed to July 18 as the anniversary of the GENIUS Act, the stablecoin law Trump signed in 2025, as evidence of what coordinated congressional action can accomplish.
CFTC Chairman Mike Selig urged lawmakers to set clear statutory standards for digital-asset companies, arguing that relying on enforcement actions and older laws written before blockchain markets emerged threatens US leadership in crypto, AI, and financial technology. CryptoSlate adds that the House passed its version last year, the Senate Banking and Agriculture committees advanced separate proposals, negotiations have slowed over the past month, and no floor vote has been scheduled.