White House Crypto Advisor: The Crypto Market Structure Bill is Expected to Pass This Year

ChainCatcher news, Patrick Witt, Executive Director of the White House Digital Asset Advisor Committee, stated at the 2025 Korea Blockchain Week conference that the crypto market structure bill is expected to pass by the end of 2025.

The bill aims to establish a comprehensive regulatory framework for digital assets, clearly delineating the responsibilities of the CFTC and SEC in crypto regulation. Witt emphasized that the White House is actively promoting the return of overseas crypto companies and stated that the government is ready to engage in dialogue with the industry at any time. Currently, the Republican-led CLARITY Act has received bipartisan support in the House of Representatives, and the Senate has also introduced the 2025 Responsible Financial Innovation Act.