The White House designates July 4th as the target date for the House of Representatives to pass the Digital Asset Market Clarity Act.

Deep Tide TechFlow News, May 7th, according to CoinDesk reports, White House Digital Asset Advisory Committee Executive Director Patrick Witt stated at the Consensus Miami 2026 conference that the White House has set July 4th as the target date for the House of Representatives to pass the Digital Asset Market Clarity Act (Clarity Act). The specific pathway is: the Senate Banking Committee will complete markup procedures this month, followed by a full Senate vote in June using four Senate workweeks, then it will be handed over to the House for a vote before Independence Day.

Regarding the core controversy of the bill, Senator Thom Tillis and Angela Alsobrooks have reached a compromise on the stablecoin yield clause—prohibiting stablecoins from offering bank deposit-like yields but retaining reward mechanisms linked to consumption. Witt stated that “this issue is now closed.” Additionally, the White House is pushing to expand the scope of conflict of interest provisions to all government personnel, “from the President to congressional interns,” explicitly opposing targeted clauses against specific officials or their families.

Witt also warned that if the U.S. fails to establish rule dominance before 2026, it will be forced to follow rules set by other countries, “God forbid those rules are made by China.”