A senior White House official has predicted that major banks will enter the cryptocurrency markets if the CLARITY Act is passed by Congress. David Sacks, head of AI and cryptocurrency policy, stated that regulatory clarity is the last barrier preventing banks from embracing digital assets. The CLARITY Act, introduced in 2024, aims to establish clear regulatory frameworks, defining jurisdictional boundaries between the SEC and CFTC, and addressing longstanding regulatory uncertainties. Financial analysts highlight the significance of Sacks' statement, noting that the CLARITY Act could transform the banking sector's approach to cryptocurrencies. The legislation includes provisions for asset classification, custody requirements, and market conduct standards, which are expected to alleviate banks' concerns about regulatory ambiguity. With banks already preparing technical infrastructure, the act's passage could lead to increased market liquidity and consumer protection, while also accelerating mainstream adoption of digital assets.