White House Maintains July 4 CLARITY Act Deadline as Market Prices 30% Odds for Passage Before August

According to White House chief crypto advisor Patrick Witt, the administration remains confident it can pass the crypto market structure CLARITY Act by its July 4 deadline. In a recent interview on June 13, Witt stated the White House is making daily progress across three areas: agriculture committee provisions (CFTC mandate), ethics, and developer protections (BRCA). "We're making progress on all fronts, every day. Groups are at the table, trading paper. So, I'm still optimistic that we could hit that timeline," Witt said.

However, prediction markets suggest skepticism. Polymarket priced a 51% chance the bill passes by year-end, while Kalshi set odds at 46% for year-end passage and just 30% for passage before August—underscoring a disconnect between White House optimism and market expectations.