{"id":90343,"date":"2026-05-06T22:01:33","date_gmt":"2026-05-06T22:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=90343"},"modified":"2026-05-06T22:01:33","modified_gmt":"2026-05-06T22:01:33","slug":"july-4-target-set-for-clarity-act-last-markup-this-month-floor-vote-in-june","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=90343","title":{"rendered":"July 4 Target Set For CLARITY Act: Last Markup This Month, Floor Vote In June"},"content":{"rendered":"
\n

The long-awaited CLARITY Act is moving closer to a final breakthrough, and senior administration officials say there is still a workable path to passage\u2014potentially on a very specific date.\u00a0<\/p>\n

Speaking at CoinDesk\u2019s Consensus conference in Miami on Wednesday, Patrick Witt, executive director of the President\u2019s Council of Advisors for Digital Assets, laid out a timeline aimed at getting the bill across the finish line.<\/p>\n

CLARITY Act Heads Toward July Finish Line<\/h2>\n

Witt said the target is July 4, framing it as a symbolic milestone: \u201cWe\u2019re targeting July 4th. I think that would be a tremendous birthday present for America, celebrating our 250th.\u201d According to Witt, the plan depends on several key steps lining up in time.\u00a0<\/p>\n

He said the Banking Committee markup would occur this month, followed by four working Senate weeks in June to complete floor passage, and then enough scheduling runway to secure a US House of Representatives vote before the Independence Day deadline.\u00a0<\/p>\n

The bill\u2019s push toward that timetable is happening alongside ongoing negotiations over the language of the compromise text. After the draft language emerged from the Senate Banking Committee\u2019s last Friday, major banking trade groups reviewed the proposed final version and signaled dissatisfaction.\u00a0<\/p>\n

A coalition that includes the Bank Policy Institute, the American Bankers Association, and the Independent Community Bankers of America argued that the CLARITY Act draft language \u201cfalls short\u201d of the goal of prohibiting the payment of yield and interest on stablecoins.\u00a0<\/p>\n

In a piece by Eleanor Terrett of Crypto In America, the report <\/a>said the banking trade groups plan to increase outreach to additional members of the Senate Banking Committee in the coming days as lawmakers prepare to mark up the legislation next week.\u00a0<\/p>\n

Witt acknowledged the political and stakeholder friction around the CLARITY Act\u2019s wording, but argued that the compromise ultimately struck the right balance for the stablecoin-yield issue.\u00a0<\/p>\n

He said, \u201cCrypto is unhappy, banks are unhappy, but they\u2019re both about equally unhappy,\u201d adding that the result reflected what he viewed as the correct negotiation outcome. In his view, the stablecoin-yield question was \u201cclosed.\u201d<\/p>\n

Beyond Stablecoin Yield<\/h2>\n

Even so, other issues remain in motion and could still affect the bill\u2019s schedule. Senator Kirsten Gillibrand, also attending Consensus Miami on Wednesday, suggested that the CLARITY Act could face further delay unless additional requirements are met before the bill advances.\u00a0<\/p>\n

She said the legislation cannot move forward without language barring US officials, including the President, from holding crypto industry ties. Gillibrand also indicated that additional ethics-related and policy components have become central to the negotiations.<\/p>\n

Gillibrand predicted that, if those questions are resolved, the CLARITY Act could reach the president\u2019s desk by the first week of August\u2014a different end point than Witt\u2019s July 4 target.\u00a0<\/p>\n

\"CLARITY<\/p>\n

Featured image created with OpenArt, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The long-awaited CLARITY Act is moving closer to a final breakthrough, and senior administration officials say there is still a workable path to passage\u2014potentially on a very specific date.\u00a0 Speaking at CoinDesk\u2019s Consensus conference in Miami on Wednesday, Patrick Witt, executive director of the President\u2019s Council of Advisors for Digital Assets, laid out a timeline […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-90343","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/90343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90343"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/90343\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}