Mike

Goal

Patrick

<ul>
 <li>White House officials say daily negotiations on the CLARITY Act are progressing despite significant legislative hurdles.</li>
 <li>Key debates remain over ethics provisions, developer protections, stablecoin rewards, and SEC-CFTC oversight roles.</li>
 <li>More than 200 crypto organizations support the bill, citing the need for clearer digital asset regulations.</li>
</ul>
<p>The race to pass the CLARITY Act by July 4 remains active as White House officials continue negotiations with lawmakers on key crypto policy issues. White House Crypto Council Executive Director Patrick Witt <a href="https://x.com/EleanorTerrett/status/2065864268264939646?s=20" rel="noopener noreferrer nofollow">said</a> discussions are progressing daily on agriculture oversight, ethics provisions, and developer protections, even as journalist Eleanor Terrett described the timeline as “logistically impossible” given the legislative hurdles still ahead.</p>
<h2 class="wp-block-heading" id="strong-white-house-says-negotiations-are-advancing-strong"><strong>White House Says Negotiations Are Advancing</strong></h2>
<p>Speaking with journalist Eleanor Terrett, <a href="https://cryptofrontnews.com/clarity-act-faces-new-senate-and-white-house-push/" rel="noopener noreferrer nofollow">Patrick Witt</a> said the administration remains focused on the original July 4 target. According to Witt, negotiators continue working through concerns raised by Democratic senators.</p>
<p>“We’re still making great progress,” Witt said. He added that discussions now cover agriculture matters, ethics provisions, and BRCA-related issues.</p>
<p>According to Witt, stakeholders meet daily and continue exchanging draft proposals behind closed doors. He said groups remain at the table and are actively working toward consensus.</p>
<p>However, Terrett noted that meeting the deadline would require resolving ethics concerns, merging legislative texts, securing 60 Senate votes, and passing both chambers within two weeks.</p>
<h2 class="wp-block-heading" id="strong-key-issues-still-divide-lawmakers-strong"><strong>Key Issues Still Divide Lawmakers</strong></h2>
<p>As negotiations continue, several policy disagreements remain unresolved. One major debate centers on whether stablecoin holders should earn passive income simply by holding tokens.</p>
<p>Some lawmakers support restrictions on passive-yield products. Others favor limited rewards tied to payments, staking activities, or platform participation.</p>
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<p>Meanwhile, the legislation seeks to divide crypto oversight between the <a href="https://cryptofrontnews.com/cftc-and-sec-push-joint-rules-to-lock-crypto-oversight-says-mike-selig/" rel="noopener noreferrer nofollow">SEC and CFTC</a>. The proposal aims to determine which digital assets qualify as securities and which qualify as commodities.</p>
<p>According to reports cited by Terrett, officials and crypto industry representatives recently held a 90-minute meeting focused on final negotiations before a possible Senate floor vote.</p>
<h2 class="wp-block-heading" id="strong-industry-support-builds-around-clarity-act-strong"><strong>Industry Support Builds Around CLARITY Act</strong></h2>
<p>Support for the legislation continues to expand across the digital asset industry. More than 200 crypto companies and organizations, including Coinbase, Ripple, Kraken, Circle, and Binance.US, have reportedly signed a letter urging the Senate to vote on the bill.</p>
<p>Meanwhile, CFTC Chairman Mike Selig said the legislation would address long-standing regulatory uncertainty. Senator <a href="https://cryptofrontnews.com/senator-cynthia-lummis-downplays-clarity-act-concerns-as-talks-continue/" rel="noopener noreferrer nofollow">Cynthia Lummis</a> also backed the measure, stating that the SEC and CFTC would finally have clearly defined responsibilities.</p>
<p>Lummis said the proposal would end jurisdictional uncertainty and reduce reliance on enforcement actions to shape crypto policy.</p>
<p>The post <a href="https://cryptofrontnews.com/white-house-keeps-july-4-clarity-act-goal-alive/" rel="noopener noreferrer nofollow">White House Keeps July 4 CLARITY Act Goal Alive</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

White House Keeps July 4 CLARITY Act Goal Alive

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