White House Cryptocurrency Advisor: Cryptocurrency Market Structure Bill Expected to Pass Within the Year

BlockBeats News, September 23rd, White House Digital Asset Advisory Committee Executive Director Patrick Witt stated at the 2025 Korea Blockchain Week Conference that the Cryptocurrency Market Structure Act is expected to be passed by the end of 2025. This act aims to establish a comprehensive regulatory framework for digital assets, clarifying the regulatory responsibilities of the CFTC and SEC in crypto regulation.

Witt emphasized that the White House is actively promoting the repatriation of overseas crypto companies and stated that the government is ready to engage in dialogue with the industry. 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." (The Block)