Patrick Witt of the White House Digital Assets Advisory Council announces a comprehensive crypto market structure bill is expected to pass by year-end, aiming to define CFTC and SEC roles and encourage crypto firms to return to the U.S.
Patrick Witt, executive director of the White House Digital Assets Advisory Council, shared that a comprehensive crypto market structure bill, combining multiple legislative efforts, is expected to pass by the end of the year. The bill will define the regulatory roles between the CFTC and SEC. The CLARITY Act passed the House with bipartisan support in July, and Senate Republicans introduced the Responsible Financial Innovation Act. The White House is working with Congress to expedite the bill’s passage for President Trump’s signature, aiming to encourage crypto firms to return to the U.S.