The White House is pressing for a crypto market structure bill before the U.S. midterm elections, with senior officials publicly urging action and addressing banking sector concerns.
The White House is accelerating efforts to advance a crypto market structure bill ahead of the U.S. midterm elections. Treasury Secretary Scott Bessent, White House crypto adviser Patrick Witt and other officials have publicly called for progress, while the Council of Economic Advisers addressed concerns raised by the banking sector. The push builds on earlier White House efforts to help resolve a banking-crypto dispute that has stalled Senate negotiations since January. The source does not identify the bill by name, detail the banking industry’s objections, or provide a timetable for Senate action.