"CLARITY Act" Expected to Pass in July, White House and Senators Actively Pushing

Odaily News: Kristin Smith, a veteran Washington crypto policy expert and President of the Solana Policy Institute, stated that the "CLARITY Act" legislation targeting crypto assets and services could pass Congress before July this year. In the latest episode of the "Fortune Crypto Playbook" program, Smith pointed out that despite Coinbase CEO Brian Armstrong withdrawing his support in January, which caused industry concern, the active involvement of several key senators and the White House team has kept the bill on track for advancement. Smith revealed that the legislative team is pushing for the Senate Banking Committee to complete its review in March-April, so that the bill can be submitted for a full Senate vote before the July recess. She emphasized that both traditional financial institutions and crypto companies are actively participating in negotiations for the first time, and President Trump is also pressuring banks through social platforms, increasing the likelihood of the bill's passage. If it proceeds smoothly, the "CLARITY Act" will provide clear rules for integrating crypto assets into the mainstream financial system, marking a new stage in crypto industry regulation. (Fortune)