White House Pushes CLARITY Act Ahead of Sept. 15 Senate Vote
The White House is intensifying its push for the CLARITY Act, with a key procedural vote in the Senate now set for September 15. Patrick Witt, executive director of the Presidential Council of Advisors for Digital Assets, stated on August 11 that the administration remains fully committed to passing the legislation next month. The announcement comes as lawmakers prepare to return from their August recess, with significant disputes over ethics rules, stablecoin rewards, and money laundering protections still unresolved.
The CLARITY Act, formally H.R. 3633, aims to establish a comprehensive federal framework for digital assets. Its primary goal is to clarify when a cryptocurrency token is classified as a security under the Securities and Exchange Commission or a commodity under the Commodity Futures Trading Commission. The bill passed the House in July 2025 with bipartisan support, including 78 Democrats, and was advanced by the Senate Banking Committee in May on a 15-9 vote.
Senate Majority Leader John Thune has filed for cloture on the motion to proceed with the bill, setting up a procedural vote at 2:15 p.m. ET on September 15. This vote is not on final passage but on whether...