White House Plans Crypto Summit Ahead of September Clarity Act Vote
Summary
- The White House plans to hold a crypto industry meeting dubbed a Crypto Summit with US cryptocurrency executives.
- The market expects the Crypto Summit to include discussions on the US cryptocurrency market structure bill (the Clarity Act).
- Polymarket, a global prediction market platform, put the probability of the Clarity Act passing this year at 20%.
Forecast Trend Report by Period
The White House is planning a meeting with cryptocurrency industry executives.
Cointelegraph reported on Aug. 19 that the White House plans to hold a crypto summit soon. Executives from the US cryptocurrency industry are expected to attend.
The market expects the summit to include discussions on the Clarity Act, a US cryptocurrency market structure bill. The Senate plans to hold a cloture vote to advance consideration of the measure in mid-September, after returning from recess.
The administration sees a strong chance of the Clarity Act passing. Patrick Witt, chair of the White House's digital assets advisory council, told the SALT conference in Wyoming on Aug. 18 that he was "genuinely optimistic and bullish" on the bill.
Meanwhile, Polymarket, a global prediction market platform, put the probability of the Clarity Act passing this year at 20% as of Aug. 19.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul