White House Now Reviewing Crypto Clarity Act Ethics Text Ahead of August Deadline: Report

Bitcoin Magazine

White House Now Reviewing Crypto Clarity Act Ethics Text Ahead of August Deadline: Report

Time is running out to get a vote on the long-awaited crypto Clarity Act, though bipartisan work is intensifying with the White House reviewing the latest draft behind closed doors, according to reports.

Senator Thom Tillis said that bipartisan language drafted and sent to the White House last week is currently being reviewed by the White House. “We’ve got people working with White House right now…they’re going through some of the lines right now,” he was quoted and first reported by Punchbowl News Senior Reporter Brendan Pendersen.

Senate Majority Leader John Thune declined to file cloture on the crypto market structure bill Wednesday afternoon, according to Punchbowl News, leaving negotiators only a narrow window to reach something resembling consensus.

Thune had told reporters earlier in the day that he still hoped for a vote before the break, and Republican and Democratic staff reportedly held a flurry of meetings over the prior 24 hours trying to close out remaining disagreements.

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