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White House digital assets adviser Patrick Witt said the administration is pushing for the Digital Asset Market Clarity Act to pass Congress before July 4, with the Senate Banking Committee expected to advance the bill this month. Speaking at Consensus Miami, Witt added that disputes over the bill's stablecoin yield provisions have largely been resolved, removing one of the most-watched friction points from the legislative path.
Why it matters
The Clarity Act is the structural market-structure bill that would define SEC and CFTC jurisdiction over digital assets, codify registration pathways for trading platforms, and set disclosure standards for token issuers. A pre-July 4 target compresses the timeline dramatically — the bill would have to clear committee, pass both chambers, and reconcile differences in roughly five weeks, a pace that typically requires bipartisan pre-negotiation. The stablecoin yield resolution suggests the most politically charged fight has already moved behind closed doors.
Witt also said updates on the proposed U.S. Strategic Bitcoin Reserve are expected "in the coming weeks," noting the administration is auditing, centralizing, and strengthening custody arrangements for crypto assets held by federal agencies following President Trump's executive order. Separately, the White House is negotiating conflict-of-interest rules that would apply broadly to all government officials rather than targeting specific individuals.
Source: [Consensus Miami 2026 | CoinDesk](https://www.coindesk.com/tag/consensus-miami-2026)
Frequently asked questions
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What is the Digital Asset Market Clarity Act?
It is the U.S. market-structure bill that would define SEC and CFTC jurisdiction over digital assets, codify registration pathways for trading platforms, and set disclosure standards for token issuers.
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When does the White House want the Clarity Act passed?
Before July 4, according to White House digital assets adviser Patrick Witt, with the Senate Banking Committee expected to advance the bill this month.
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Have the stablecoin yield disputes been resolved?
Witt said disputes over the bill's stablecoin yield provisions have largely been resolved, removing one of the most-watched friction points from the legislative path.
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What did Witt say about the U.S. Strategic Bitcoin Reserve?
Witt said updates on the proposed reserve are expected "in the coming weeks," noting the administration is auditing, centralizing, and strengthening custody arrangements for crypto assets held by federal agencies after Trump's executive order.
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What conflict-of-interest rules is the White House negotiating?
Rules that would apply broadly to all government officials rather than targeting specific individuals or their families, according to Witt's remarks at Consensus Miami.
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