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White House Engages Law Enforcement to Break CLARITY Act Deadlock

White House Engages Law Enforcement to Break CLARITY Act Deadlock

Global Cryptocurrency
Release Time:
2026-06-30 11:48:02
0
BTCCSquare news:

The White House convened a meeting with law enforcement officials on June 30, 2026, to address concerns surrounding Section 604 of the Digital Asset Market CLARITY Act, also known as the Blockchain Regulatory Certainty Act (BRCA). Senate Banking Committee Chairman Tim Scott has pushed for a July vote, intensifying pressure on crypto adviser Patrick Witt to resolve law-enforcement objections before the summer recess.

Approximately 20 participants, including the National Sheriffs Association, attended the meeting, which focused on illicit finance concerns that have stalled bipartisan support. Senate Majority Leader John Thune signaled a potential floor vote in July, though the bill requires 60 votes to pass—a threshold demanding substantial Democratic backing amid a tight timeline.

Jurisdictional clarity between the SEC and CFTC remains a cornerstone of the CLARITY Act, with the CFTC poised to oversee digital commodity spot markets and the SEC retaining authority over securities. Meanwhile, President Donald Trump's abrupt cancellation of a separate housing bill signing has cast uncertainty over his stance on the legislation, as he insists on prioritizing the SAVE America Act.

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