White House Crypto Expert: Crypto Regulatory Legislation Is Coming, Now Is the Critical Moment

The Legislative Window Is Closing

Recently, Patrick Witt, head of the White House Crypto Committee, shared on social platform X that the latest draft of the crypto market structure bill from the Senate Agriculture Committee represents a significant bipartisan achievement. It closely mirrors the CLARITY Act in the House, with over 80% similarity in content.

Bipartisan Momentum Grows

This draft has already gained support from a majority of Senate Democrats on the Agriculture Committee and nearly 40% backing from House Democrats, signaling early but meaningful bipartisan alignment on crypto regulation.

A Shifting Regulatory Landscape

Witt also emphasized that the current lenient regulatory environment, especially established during the Trump administration, has offered crypto a valuable opportunity to grow. However, this window will soon close, and comprehensive legislative action is now inevitable.

Missing This Chance Could Mean Harsher Rules

If lawmakers fail to pass the bill during this session, the next regulatory framework could be far more restrictive and punitive, potentially stifling innovation and limiting the industry's potential.