White House crypto advisor: If the CLARITY Act fails to advance before September 15, it may struggle to pass.
1 hours ago
White House cryptocurrency advisor Patrick Witt posted on X that the U.S. Congress has been advancing legislation on crypto market structure for years, and the Senate has been negotiating the CLARITY Act since last summer. However, over the past week, Senate Majority Leader Chuck Schumer and so-called "crypto-friendly Democrats" blocked the bill from holding a procedural vote before the congressional recess, demanding further delays. Patrick Witt warned that if the bill fails to make progress by September 15, its likelihood of passage will drop sharply.
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