White House digital asset director Patrick Witt says negotiations continue daily with Democratic senators on three unresolved issues: agriculture, ethics, and banking. Polymarket puts passage odds at 51%.
Alpha Score of 65 reflects moderate overall profile with strong momentum, strong value, weak quality, moderate sentiment.
The Crypto CLARITY Act is entering a critical phase. Lawmakers are working against a tight deadline while several key issues remain unresolved. Some analysts view the July 4 target as difficult to achieve.
White House Digital Asset Executive Director Patrick Witt said he is still optimistic about the July 4 deadline. Discussions are moving forward and lawmakers continue to work through the remaining issues, Witt told journalist Eleanor Terrett.
According to Witt, negotiations are continuing daily across three key areas raised by Democratic senators: agriculture-related provisions, ethics concerns, and banking-related issues. Lawmakers and working groups are actively exchanging proposals.
“We’re making progress on all fronts everyday. I’m still optimistic. We’re doing a lot of work behind the scenes,” Witt said.
Terrett pointed out that major hurdles still remain. Ethics concerns are unresolved, parts of the bill still need revisions, and the Senate lacks the 60 votes required for passage. Lawmakers would also need to move fast in both chambers to get the bill approved before the July 4 recess.
Once Congress leaves Washington for recess, legislative momentum often slows down. Lawmakers return with new priorities, while outside groups gain more time to lobby against or reshape pending legislation.
If Congress does not move quickly, the bill could end up competing with the midterm election cycle. At that stage, lawmakers are often less willing to support controversial legislation.
While Witt remains hopeful, other officials have offered different timelines.
Tim Scott, chairman of the Senate Banking Committee, recently said the Clarity Act will pass before the August recess and described its passage as “coming, period.”
Mike Novogratz revealed that he spent around 10 hours meeting with eight Democratic and six Republican senators involved in the bill. He said only three key issues remain unresolved, including ethics concerns, and added that lawmakers are making progress toward finding solutions.
Senator Cynthia Lummis has warned that failure to pass the bill before then could delay meaningful crypto legislation for years.
That uncertainty is also showing up in prediction markets. Galaxy Digital now puts the chances of passage in 2026 at 60%. Polymarket estimates the odds at around 51%.
The Senate has no floor vote scheduled. The House has not set a markup date for companion legislation.
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