White House Blames Senate Democrats for Stalling CLARITY Act

The White House has accused Senate Democrats of blocking the CLARITY Act, a bill intended to establish a federal market framework for digital assets in the United States. Although the House of Representatives passed the bill with bipartisan support—294 to 134—the Senate has failed to advance it, leaving the industry in a state of regulatory uncertainty. The legislation aims to clarify the jurisdictional divide between the CFTC and the SEC regarding digital commodities and securities. With the November midterm elections approaching, the window for legislative action is closing, forcing the SEC to continue relying on case-by-case enforcement.