sam_dev 
The administration of President Donald Trump is accelerating plans to finalize the legal framework for the cryptocurrency market in the U.S., aiming to pass the CLARITY Act into law by July 4, 2026. This information was revealed by Patrick Witt, a senior crypto advisor at the White House, amid Washington’s increasingly open stance towards the digital asset sector following Trump’s return to the White House.
According to Patrick Witt, the U.S. Senate may push for a vote in June, before the House of Representatives completes the approval and unification of the final version of the bill. If the timeline proceeds as planned, this will be the first time the U.S. establishes a comprehensive federal-level regulatory framework for crypto, providing a clear legal foundation for the entire blockchain and digital asset industry.
The most important aspect of the bill is the division of oversight authority between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). For many years, the overlap between these two agencies has been one of the biggest barriers for crypto companies operating in the U.S. The SEC often tends to view many tokens as securities, while the CFTC considers Bitcoin and some other digital assets as commodities. The lack of clear legal boundaries has forced numerous blockchain businesses to face litigation risks or move operations overseas.
Observers believe that if the bill is passed on time, it will be a significant boost for the U.S. crypto market, especially since July 4 this year holds special symbolic meaning. The year 2026 marks the 250th anniversary of U.S. Independence Day, so the White House is believed to want to make the passage of the crypto law a significant financial technology policy milestone under President Trump’s administration.
