White House Sets July 4 Target for Crypto Clarity Act as Bill Needs Passage in Both Chambers

A senior White House official stated that the administration is targeting passage of the Clarity Act by July 4. The target date falls three weeks from the current date. Passage would require action in both chambers of Congress before the holiday recess.

The official described ongoing internal work to advance the legislation. "We're doing a lot of work behind the scenes," the official stated in response to questions about the administration's crypto policy agenda. The official expressed optimism about meeting the deadline.