White House Reaffirms Push to Pass CLARITY Act by September

The Trump administration remains committed to getting the CLARITY Act passed in September, even after the Senate postponed action on the crypto market structure bill until after its August recess. The White House’s top digital assets policy official said the administration would keep negotiating with Democrats right up until the scheduled vote, while stressing that further delays cannot continue indefinitely.

Key Procedural Vote Expected Mid-September

The Senate is set to hold a cloture vote on the bill in mid-September, a procedural step requiring 60 votes to move CLARITY toward final passage. The legislation aims to create a clear federal framework for digital assets, determining when crypto tokens are treated as securities versus commodities and establishing rules for how trading platforms operate.

Sticking Points Remain Before Vote

Several disagreements are still unresolved ahead of the vote. Democratic lawmakers continue pushing for stronger ethics provisions targeting crypto interests connected to Trump, while banking industry groups have raised concerns over provisions that could allow companies to offer rewards to stablecoin holders. Both issues remain unaddressed as the September deadline approaches.