Director of the Presidential Digital Asset Council: We should seize the opportunity of a pro-cryptocurrency government to pass the market structure bill

The Executive Director of the U.S. Presidential Advisory Committee on Digital Assets, Patrick Witt, posted on the X platform that a cryptocurrency market structure bill is inevitable, and it is unrealistic to expect an industry worth trillions of dollars to operate without a comprehensive regulatory framework.

Patrick Witt pointed out that with a president who supports cryptocurrency, control of Congress, and the regulatory environment of the SEC and CFTC, the industry should seize the opportunity through legislation, rather than allowing the Democrats to enact punitive legislation after a future financial crisis. Patrick Witt emphasized that while the CLARITY Act may not be perfect, compromises must be made to secure 60 votes in the Senate, and perfection should not be an obstacle to pursuing excellence.