Patrick Witt anticipates the U.S. crypto market structure bill will pass by the year's end, aiming to clarify regulatory roles and encourage crypto firms to return to the U.S.
Patrick Witt, executive director of the White House Digital Assets Advisory Council, forecasted the passage of a comprehensive crypto market structure bill by the end of the year. The bill, which consolidates various legislative efforts, will clarify the roles of the CFTC and SEC. The CLARITY Act has already passed the House with bipartisan support, and the Senate introduced the Responsible Financial Innovation Act. The White House is pushing for swift congressional action to bring crypto firms back to the U.S.