The CLARITY Act is expected to pass in July, with the White House and senators actively promoting it.

Odaily Planet Daily reports that Kristin Smith, a senior Washington crypto policy expert and President of the Solana Policy Institute, stated that the legislation “CLARITY Act” concerning crypto assets and services may pass Congress before July this year. In the latest episode of the Fortune Crypto Playbook, Smith pointed out that despite Coinbase CEO Brian Armstrong withdrawing support in January, causing industry concerns, the active involvement of several key senators and the White House team keeps the bill on track. Smith revealed that the legislative team is pushing the Senate Banking Committee to complete review between March and April so that the bill can be put to a full Senate vote before the July recess. She emphasized that both traditional financial institutions and crypto companies are actively participating in negotiations for the first time, and former President Trump has also pressured banks via social media, increasing the likelihood of the bill’s passage. If successfully passed, the CLARITY Act will provide clear rules for integrating crypto assets into the mainstream financial system, marking a new phase in crypto industry regulation. (Fortune)