The White House is aiming to advance the “Clarity Act” on a timeline that would target passage by July 4, according to Patrick Witt, an adviser to the President’s Council of Advisors for Digital Assets. Witt says the Senate Banking Committee is expected to hold a hearing this month focused on market structure and related aspects of the legislation. After that hearing period, the planned next step is a committee markup later in the month, which would put the bill on track for consideration on the Senate floor.
Both reports indicate that the window for floor action depends on the Senate schedule in June. They describe four working weeks in June remaining after the committee process, which the adviser frames as the period that could allow the bill to move forward for a July 4 outcome. The accounts focus on procedural timing—hearing and markup in the Senate Banking Committee, followed by potential floor passage—rather than providing additional details on the bill’s substantive provisions.
