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CLARITY Act: Market Puts July 4 Odds at 2% Despite White House Push
White House aims for July 4 CLARITY Act passage. Kalshi sees a 2% chance. Advisor Witt says progress continues on three sticking points.
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The White House is still targeting a July 4 passage for the CLARITY Act, the digital asset regulatory bill. Prediction markets are not buying it. Kalshi shows a 2% probability that the bill clears Congress by that date.
Trump's crypto advisor Patrick Witt acknowledged the work but isn't calling the timeline dead. “No, I think we’re still making great progress across the three areas that Democrat senators had raised as ones that they wanted to see progress on,” Witt said in an interview. He described a daily rhythm of discussions covering agriculture oversight and ethics provisions, along with the Bank Resolution and Consumer Act (BRCA). “So every day we’re doing the trifecta, either mornings or afternoons on ag, mornings or afternoons on ethics, and then the BRCA as that third one,” he explained. “Groups are at the table and trading paper.”
Witt said he remains “optimistic that we could hit that timeline.” The bill would establish federal rules for digital assets and spell out the roles of the SEC and the CFTC. Industry executives including Ripple CEO Brad Garlinghouse have backed it, saying it would resolve regulatory uncertainty that has kept many institutions on the sidelines.