Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
White House Loses Its CLARITY Act Dealmaker Days Before Expected July 20 Senate Vote
Patrick Witt, the White House crypto council executive director who has led CLARITY Act negotiations, works his final day Friday, roughly two days before a Senate floor vote expected around July 20. Deputy Director Harry Jung inherits the final push at the most delicate moment of the bill’s life.
Key Takeaways
A Departure the Army Wouldn’t Postpone Twice
Witt will begin a months-long leave to start Judge Advocate General (JAG) training with the Georgia Army National Guard on July 27. The 37-year-old applied to the program in spring 2025 and was originally slated to report in April but pushed the date back once to stay at the negotiating table. A second postponement “was not an option.”
Jung Inherits the Final Push
Harry Jung, the council’s deputy director, absorbs Witt’s responsibilities through the fall. The administration is projecting continuity given Jung has been in the room for most of the negotiations Witt led, and Witt is expected to stay connected during training “as much as the Army allows.” Whether Witt returns to the role full-time after his training concludes is reportedly uncertain.
That said, Jung’s inbox is unforgiving given that a merged draft of the CLARITY Act is expected this week, with the floor vote eyed around July 20. Such a timeline leaves the Senate roughly three working weeks before the August recess, widely described as the last realistic window to pass the bill this Congress.
Witt’s negotiating record is part of why his exit stings. He brokered compromises on stablecoin yield provisions that had pitted banks against the crypto industry and addressed law enforcement concerns over illicit fund tracking.
What Stands Between the Bill and 60 Votes
The bill needs 60 votes to clear a filibuster, meaning at least seven Democrats must cross over, and Senate leaders have been racing to pass the measure in July while momentum holds. The largest unresolved fight remains ethics, as democrats want provisions addressing the president’s personal crypto exposure, a dispute sharpened by disclosures indicating Trump earned more than $1.4 billion from crypto ventures last year.
Senator Elizabeth Warren pressed Senate leaders again Monday to bar officials and their families from profiting from crypto, while Senator Cynthia Lummis countered that the bill is “the only path that works.”
In any case, if the bill’s decisive July ends with 60 votes, the handoff will be a footnote, but if it fails by one or two, Washington will remember the week the White House’s crypto dealmaker traded the negotiating table for a military classroom.