TLDR
- Coinbase, Kraken and Grayscale executives are set to meet the CFTC on August 20 to discuss crypto innovation.
- The meeting follows the Senate’s failure to advance the CLARITY Act before the August recess.
- A new Senate procedural vote on the CLARITY Act is scheduled for September 15.
- The SEC plans to discuss proposed crypto rules on August 14 as regulators move ahead without legislation.
- White House crypto adviser Patrick Witt says the administration remains committed to passing the CLARITY Act in September.
The White House is maintaining its support for the CLARITY Act as US regulators prepare new crypto rules and industry executives meet with the CFTC.
White House Executive Director Patrick Witt said the administration remains committed to passing the bill in September. The statement comes after the Senate did not advance the legislation before the August recess.
“Durable rules, the kind only legislation can provide, are needed now more than ever,” Witt said.
A procedural Senate vote is scheduled for September 15, keeping the bill on the legislative agenda after lawmakers return from recess.
Crypto CEOs Set to Meet With CFTC
Executives from Coinbase, Kraken, Grayscale and other crypto companies are scheduled to meet with the Commodity Futures Trading Commission on August 20. The meeting is expected to focus on crypto innovation and regulatory issues facing the industry.
The talks will take place as the CFTC continues work on its approach to digital assets. The direct meeting between regulators and major crypto companies adds to ongoing discussions over how digital assets should be regulated in the United States.
The CLARITY Act would establish a framework for digital assets and clarify the responsibilities of the Securities and Exchange Commission and CFTC. The legislation would define which assets fall under each agency’s oversight.
The bill has faced delays in the Senate after lawmakers failed to advance it before the August recess. The September 15 procedural vote is now the next scheduled step in the process.
SEC Prepares Separate Crypto Rules
The SEC is also moving forward with its own crypto-related regulatory work while Congress considers the legislation. The agency has scheduled an open meeting for August 14 to consider whether to propose new rules covering crypto assets.
SEC Chair Paul Atkins and CFTC Chair Michael Selig are leading separate regulatory efforts as lawmakers continue negotiations over the CLARITY Act. Their agencies could establish rules and guidance before Congress completes work on the broader legislation.
The administration remains fully committed to getting the Clarity Act across the finish line in September. Durable rules, the kind only legislation can provide, are needed now more than ever.
But we also can’t afford to wait forever. Every time Democrats have delayed this bill,… https://t.co/hqoec8BWfH
— Patrick Witt (@patrickjwitt) August 11, 2026
The regulatory activity has also drawn criticism from some Democratic lawmakers. Sen. Chris Van Hollen said the administration could face opposition if regulators move ahead with policies that he believes favor the crypto industry over consumers and investors.
Sen. Elizabeth Warren has also raised concerns about the direction of the SEC and CFTC under their current leadership. The lawmakers’ comments reflect the wider political debate surrounding the agencies’ approach to digital asset regulation.
White House Maintains September Target
Witt said the administration will continue negotiations with lawmakers ahead of the September vote. He described the CLARITY Act as the result of years of bipartisan work and said the administration remains open to further discussions.
“Clarity represents years of genuine bipartisan work,” Witt said, adding that lawmakers still have an opportunity to shape digital asset policy by supporting the bill.
The White House has also argued that the United States needs a durable legal framework for digital assets. The administration’s position comes as regulators prepare their own rules while Congress remains focused on the legislation.
The CLARITY Act was passed by the House in 2025 and is now awaiting further Senate action. If the September procedural vote moves forward, lawmakers will face another stage in deciding whether the legislation advances toward a final vote.
Meanwhile, the CFTC meeting with crypto executives and the SEC’s August 14 meeting will provide separate regulatory developments before the Senate returns to the CLARITY Act.
