{"id":75864,"date":"2026-07-24T14:27:36","date_gmt":"2026-07-24T14:27:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/charles-schwab-calls-clarity-act-a-fundamental-catalyst-as-white-house-and-thune-clash-over-timing\/"},"modified":"2026-07-24T14:27:36","modified_gmt":"2026-07-24T14:27:36","slug":"charles-schwab-calls-clarity-act-a-fundamental-catalyst-as-white-house-and-thune-clash-over-timing","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/charles-schwab-calls-clarity-act-a-fundamental-catalyst-as-white-house-and-thune-clash-over-timing\/","title":{"rendered":"Charles Schwab Calls CLARITY Act a &#8216;Fundamental Catalyst&#8217; as White House and Thune Clash Over Timing"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Asset manager Charles Schwab called the CLARITY Act a much needed fundamental catalyst for the market.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Senate Majority Leader John Thune says the bill will likely miss its pre-recess window.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">White House adviser Patrick Witt is banking on a Senate vote during the first week of August.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Wall Street\u2019s $13 Trillion Endorsement<\/h2>\n<p>Charles Schwab, the brokerage giant overseeing roughly $13 trillion in client assets, says the CLARITY Act is a \u201creally important fundamental catalyst\u201d for the crypto industry and \u201cneeds to pass.\u201d<\/p>\n<p>The endorsement lands as Schwab itself has become a direct participant in the market, with the firm rolling out Schwab Crypto this year, letting clients buy bitcoin and ether directly at a cost of 75 basis points per trade (with the rollout expanding in stages from employees to waitlisted clients and eventually all eligible accounts across 48 states).<\/p>\n<p><\/p>\n<p>That expansion gives Schwab a tangible stake in how Washington resolves crypto market structure. The Digital Asset Market CLARITY Act, which would split oversight of digital assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), already passed the Senate Banking Committee by a <a href=\"https:\/\/news.bitcoin.com\/pro-crypto-clarity-act-h-r-3633-passes-senate-banking-committee-15-9\/\">15-9 vote on May 14<\/a>.<\/p>\n<h2>A White House-Senate Split on Timing<\/h2>\n<p>Schwab\u2019s confidence isn\u2019t universally shared inside Washington, as Senate Majority Leader John Thune told reporters this week that the CLARITY Act is expected to miss its window before Congress\u2019s summer break. \u201cI would like to at least get Clarity started. We\u2019ll see where the votes are,\u201d Thune said, a notably more hedged tone than the bill\u2019s advocates have used in public.<\/p>\n<p>Patrick Witt, executive director of the White House Crypto Council, pushed back on that pessimism, calling himself \u201cslightly more optimistic\u201d than Thune. \u201cThere\u2019s that first week of August that the Senate is in session,\u201d Witt said, arguing a floor vote could still happen before lawmakers leave town.<\/p>\n<p>Witt has been personally invested in the outcome as he reportedly deferred his Army National Guard training obligations to remain at the White House as negotiations over the bill\u2019s ethics provisions dragged on.<\/p>\n<h2>The Unresolved Sticking Points<\/h2>\n<p>The gap between Thune\u2019s and Witt\u2019s read on the calendar traces back to a handful of unresolved fights. Chief among them are government ethics provisions that would limit senior officials\u2019 personal crypto holdings, along with disagreements over how stablecoin yield should be treated under the new framework.<\/p>\n<p>Senator Cynthia Lummis has indicated those sections remain open for revision in ways that could still win Democratic support, but the Senate\u2019s floor calendar isn\u2019t helping with leadership prioritizing a bipartisan Russia sanctions and tariffs package for next week, pushing CLARITY further down the queue.<\/p>\n<p>The White House did manage one breakthrough though, with officials agreeing on an ethics deal and sharing its terms with Senate Republicans on July 20-21. Thune had committed to bringing the bill to the floor before recess with the week of July 20 as an active target, a deadline that, as of Thune\u2019s latest comments, appears to have already slipped.<\/p>\n<p>Lawmakers were <a href=\"https:\/\/news.bitcoin.com\/senate-urged-to-vote-on-clarity-act-before-august-recess-as-lawmakers-return-july-13\/\">urged to vote before the recess<\/a> when they returned from a prior break on July 13. That said, if Thune can\u2019t find floor time this week, the bill\u2019s next realistic shot is September\u2019s three-week Senate session, a delay that would extend the CLARITY Act\u2019s now year-plus wait for a floor vote despite broad institutional backing from firms like Schwab and near-constant White House engagement from Witt\u2019s team.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/schwab-clarity-act-catalyst-white-house-thune\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Asset manager Charles Schwab called the CLARITY Act a much needed fundamental catalyst for the market. Senate Majority Leader John Thune says the bill will likely miss its pre-recess window. White House adviser Patrick Witt is banking on a Senate vote during the first week of [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":75865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75864"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75864"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75865"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}