Crypto CEOs to Meet CFTC as White House Pushes September CLARITY Act Vote

TLDR

• Coinbase, Kraken and Grayscale executives are set to meet the CFTC on August 20 to discuss crypto innovation.
• The meeting follows the Senate’s failure to advance the CLARITY Act before the August recess.
• A new Senate procedural vote on the CLARITY Act is scheduled for September 15.
• The SEC plans to discuss proposed crypto rules on August 14 as regulators move ahead without legislation.
• White House crypto adviser Patrick Witt says the administration remains committed to passing the CLARITY Act in September.

The White House is maintaining its support for the CLARITY Act as US regulators prepare new crypto rules and industry executives meet with the CFTC.

White House Executive Director Patrick Witt said the administration remains committed to passing the bill in September. The statement comes after the Senate did not advance the legislation before the August recess.

“Durable rules, the kind only legislation can provide, are needed now more than ever,” Witt said.

A procedural Senate vote is scheduled for September 15, keeping the bill on the legislative agenda after lawmakers return from recess.

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