
The CLARITY Act faces a mid-July recess deadline as a White House negotiator defers military training to finalize the deal splitting crypto oversight between the CFTC and SEC.
A White House negotiator deferred Army National Guard training to stay at the table for final-stage talks on the CLARITY Act, the furthest a major crypto bill has advanced in Congress. The legislative push faces a mid-July recess deadline.
The Digital Asset Market Clarity Act of 2025, H.R. 3633, divides oversight. The Commodity Futures Trading Commission would take primary authority over digital commodities, covering most non-stablecoin tokens. The Securities and Exchange Commission would regulate digital assets that behave like securities. The CFTC's expanding role in crypto was detailed in a previous AlphaScala report.
Rep. French Hill introduced the bill May 29, 2025. The House passed it 294-134 on July 17, 2025. A 15-9 committee vote sent it to the full Senate on May 14, 2026.
The negotiator deferred training as the timeline compressed. Sticking points remain on ethics language and stablecoin provisions. Ethics rules could restrict officials and their families from holding digital assets. Stablecoin language could dictate how dollar-pegged tokens are issued.
Institutional players have largely stayed on the sidelines. Compliance departments lack a clear framework to build around, the bill's supporters argue.
The 294-134 House vote and 15-9 committee vote show bipartisan support. Passage would let projects and investors know which rulebook applies to them. A stall pushes the timeline past the August recess.
The identity of the White House negotiator has not been publicly disclosed.
Prepared with AlphaScala editorial tooling from the source reporting linked above. Indexable analysis may include a cited Alpha Score value. Publishing checks screen each story before release. Educational coverage, not personalized advice.