The US President’s Administration expects to pass the CLARITY Act, a cryptocurrency regulation bill, by July 4, 2026. This was stated by the executive director of the Presidential Council of Digital Asset Advisers, Patrick Witt, at a Consensus conference in Miami. It would, he said, be "a gift to America for its 250th anniversary."

Witt expects the Senate Banking Committee to consider the bill as early as May. It will then take about four weeks to pass through the Senate, after which the document will be put to a vote in the House of Representatives. The schedule is tight but, in the official’s view, realistic. Previously, Senator Kirsten Gillibrand had suggested that the president’s signature could only be obtained by August.

A compromise on the controversial issue of Stablecoin yields has already been reached: interest rates similar to bank deposits are prohibited, but user-expense reward programs remain. The White House also discusses conflict of interest provisions. Witt emphasized that the administration is opposed to norms targeting specific politicians or members of their families.