🚨🗞️NEW: Clarity Act Hits Ethics Snag as White House Courts Law Enforcement Support
Dems left a Tues meeting frustrated after GOP walked back key elements of a tentative ethics deal. Talks expected to continue Thurs.➕ WH convenes law enforcement groups.
https://t.co/YaKxuTKL09
Hitting the timeline of passing the Clarity Act into law by July 4 would require finding an ethics solution both Republicans and Democrats can live with, addressing issues in the Ag text, merging the bills, securing 60 votes, and passing it through both the Senate and House in just two weeks.
Logistically impossible.
Crypto CLARITY Act still ⮕ July 4?
White House Digital Asset
Executive Director
Patrick Witt:
"We're making progress on all fronts everyday."
"I'm still optimistic.
"We're doing a lot of work behind the scenes."
Such an incredible and memorable experience to witness these legendary artists being inducted into the Songwriters Hall of Fame last night.
@kiss’s Paul Stanley had my favorite message of the night:
Fame is just a temporary fix. True love and family will fulfill you.
Last night, Taylor Swift was inducted into the Songwriters Hall of Fame.
Her acceptance speech - which goes a little over 21 minutes - is incredible & worth watching.
It provides many lessons, especially related to confidence, perseverance & navigating success & criticism.
Investors Eye SpaceX IPO, Clarity Act Hurdles, & Crypto Tax Reform with WH Crypto Council Executive Director @patrickjwitt, @CryptoTaxGirl's Trish Turner and @jito_labs CEO @buffalu__ https://t.co/Y538NzwCZ0
🚨 Clarity Act Update:
@patrickjwitt (President’s Council of Advisors for Digital Assets) spoke live to @CryptoAmerica_ live Friday afternoon (6/12/2026).
When asked by @EleanorTerrett if July 4th was still the goal of the White House to pass the #clarityact he responds here: 👇
#Ripple #XRP #XRPArmy
🚨NEW: Some color on Wednesday’s meeting between law enforcement groups, administration officials and Congressional members and staff on the Clarity Act:
📌 The meeting was hosted by @patrickjwitt and the White House Crypto Council in the Eisenhower Executive Office Building. Around 20 attendees were present, including @GOPMajorityWhip and @DavidSacks who delivered opening remarks before departing. Also in attendance were officials from @USTreasury, @FinCENnews, Senate staff and @DAGToddBlanche office.
📌 On the law enforcement side, attendees included the Fraternal Order of Police (@GLFOP), National Association of Police Organizations (@NAPOpolice), International Association of Chiefs of Police (@TheIACP), the National District Attorneys Association (@ndaajustice), and the National Association of Assistant U.S. Attorneys (@WeAreNAAUSA). The National Sheriffs’ Association (@NationalSheriff) was invited but did not attend.
📌 Sources tell me the meeting consisted of almost 90 minutes of substantive discussion and debate, much of it focused on the Blockchain Regulatory Certainty Act (BRCA).
📌 Potential solutions to strengthen crypto crime reporting and enforcement tools were also discussed as lawmakers and stakeholders continue working to build support for the legislation.
Ultimately, these groups will need to signal to Democratic senators like @CortezMasto and @MarkWarner that they are not opposed to the bill’s parameters, including the BRCA, to secure their votes on the floor.
"When it comes to business, custody is just kind of a requirement... It gives them a level of safety, of business continuity."
- @mikebelshe, CEO of @BitGo
BitGo isn’t eligible for FDIC insurance and according to @mikebelshe, that’s by design.
Just as someone who doesn’t drive doesn’t need car insurance, @bitgo doesn’t need FDIC insurance because it doesn’t operate like a traditional bank.
“I am delighted to be leaving a seat that should not be occupied by the same person for too many years. Ours is a government grounded in timeless principles, not fleeting personalities. The SEC will benefit from energetic new voices with fresh ideas about how to protect our precious and powerful capital markets.”
— Commissioner @HesterPeirce on her upcoming departure from the @SECGov.
NEW: We sat down with @adam3us, Co-Founder & CEO of Blockstream and @bstrco, and Jenny Johnson, CEO of @FTI_US to dig into what Wall Street's embrace of Bitcoin actually means for its original vision, the hesitation to deploy on-chain, and where the stablecoin yield debate is actually headed.
Links below.
I'm pleased to announce that today, the @CFTC is officially seeking public comment on a structured framework for evaluating the types of events that may underpin contracts traded on prediction markets.
This proposal would give the CFTC durable, transparent rules of the road to identify the contracts Congress directed it to scrutinize while letting legitimate markets move forward pursuant to the public interest.