White House crypto advisor Patrick Witt told consensus that the administration is targeting July 4th for passage of the Clarity Act.

Witt said the stable coin yield issue is now closed. He added that crypto is unhappy and banks are unhappy, but said they're both probably equally unhappy.

The Senate Banking Committee markup is planned for this month with four Senate floor weeks in June, then a House vote before

Independence Day. Ando Finance, JPM, MasterCard, and Ripple completed what they say is the first

near-real-time cross-border redemption of a tokenized U.S. Treasury Fund. The transaction settled in

under five seconds on the XRP ledger, when typically it would take one to three business days through correspondent banks.

J.B. Morgan's Kinexas platform has now processed over $3 trillion in cumulative transactions.

And B&Y, the world's largest custodian with $59 trillion in assets is expanding its digital asset custody business to Abu Dhabi.

The bank is working with local partners to build regulated infrastructure inside the Abu Dhabi

global market free zone, starting with Bitcoin and Ether before expanding into stable coins

and tokenized assets.