{"id":607800,"date":"2026-06-13T03:30:10","date_gmt":"2026-06-13T07:30:10","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=607800"},"modified":"2026-06-13T02:57:56","modified_gmt":"2026-06-13T06:57:56","slug":"white-house-doubles-down-on-july-4-clarity-act-deadline-making-progress-every-day","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/white-house-doubles-down-on-july-4-clarity-act-deadline-making-progress-every-day\/","title":{"rendered":"White House doubles down on July 4 CLARITY Act deadline: ‘Making progress every day’"},"content":{"rendered":"

The White House is still confident that it could get the crypto market structure bill passed by its initial timeline of the 4th of July.\u00a0<\/span><\/p>\n

In a recent interview, the White House chief crypto advisor, Patrick Witt, said,<\/span><\/p>\n

We\u2019re still making great progress across three areas that the Democratic Senators had raised as the ones they wanted to see progress on. Every day, we\u2019re doing trifecta. Mornings or afternoons on Ag, ethics, and BRCA.<\/span><\/p><\/blockquote>\n

The \u2018Ag\u2019 refers to the Senate Agriculture Committee\u2019s version of the bill that determines the CFTC mandate in the crypto markets. <\/span><\/p>\n

On the other hand, the <\/span>BRCA<\/span><\/a> refers to developer protection provisions, which have been widely discussed in the past few days.\u00a0<\/span><\/p>\n

Witt added that,\u00a0<\/span><\/p>\n

We\u2019re making progress on all fronts, every day. Groups are at the table, trading paper. So, I\u2019m still optimistic that we could hit that timeline.<\/span><\/p><\/blockquote>\n

This could be a positive sign, especially after earlier reports that the <\/span>ethics talks<\/span><\/a> had a \u2018rocky\u2019 start.\u00a0<\/span><\/p>\n

Still, the Senate calendar is packed, and lawmakers have until right before the August recess to pass the bill.\u00a0<\/span><\/p>\n

The market is 50\/50 on CLARITY Act progress<\/h2>\n

However, the market was still not wholly convinced by Witt\u2019s optimism. As of this writing, the prediction site Polymarket was pricing a 51% chance the bill could be passed by the end of this year. That is a neutral position.\u00a0\u00a0<\/span><\/p>\n

\"CLARITY<\/a>
Source: Polymarket<\/figcaption><\/figure>\n

For Kalshi, another prediction site with double the Polymarket volume for the same market, was pricing a 46% chance for the bill\u2019s passage. Taken together, the market was somewhat 50\/50 on the bill\u2019s progress by the end of the year.\u00a0<\/span><\/p>\n

In fact, for the July outlook, Kalshi bettors projected a 30% odds that the bill could be passed before August.\u00a0<\/span><\/p>\n

\"CLARITY<\/a>
Source: Kalshi<\/figcaption><\/figure>\n

Although the July expectations increased by about 10% in the past two days, they were still low, underscoring the disconnect between the market and White House optimism.\u00a0<\/span><\/p>\n

Apart from the limited Senate floor calendar, most analysts, including those at JPMorgan, speculated that the bill could stall due to stablecoin yield. Unless there is more color on the ongoing discussions by the White House, the bill\u2019s path forward could remain uncertain.\u00a0<\/span><\/p>\n

\n

Final Summary<\/h2>\n
    \n
  • White House is hopeful that it can still meet the July 4 deadline for the CLARITY Act\u2019s passage<\/span><\/em><\/li>\n
  • The market, however, was 50\/50 on the bill\u2019s progress and placed a 30% chance for passage by July.\u00a0<\/span><\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    The market is 50\/50 on the CLARITY Act despite the White House assurance.<\/p>\n","protected":false},"author":79,"featured_media":607808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[44,66,4,20],"tags":[6427],"class_list":["post-607800","post","type-post","status-publish","format-standard","has-post-thumbnail","category-global-news","category-new-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"\nWhite House doubles down on July 4 CLARITY Act deadline: 'Making progress every day' - AMBCrypto<\/title>\n<meta name=\"description\" content=\"According to the White House, the CLARITY Act can still be passed by July 4th, citing 'progress' on key issues raised by Democrat Senators\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/white-house-doubles-down-on-july-4-clarity-act-deadline-making-progress-every-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"White House doubles down on July 4 CLARITY Act deadline: 'Making progress every day' - 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