Crypto market structure can’t wait for shot at post-election Clarity Act surge: White House
White House and U.S. Treasury officials agree that despite some hope that Congress’ “lame duck” session could see the bill again, the work’s in regulators’ hands.
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Summary
- White House crypto adviser Patrick Witt and the Treasury Department’s assistant secretary for financial institutions, Luke Pettit, were on the same page: shrugging over the Clarity Act’s end-of-year chances but focusing on the current progress of financial regulators.
- The crypto bill’s potential for arising again in the so-called lame duck session of Congress after the elections will depend on how those elections go, both officials said at a CoinDesk Policy & Regulation event in Washington.
