Techub News: White House Digital Asset Committee Director Patrick Witt posted on the X platform stating that the crypto market structure bill is inevitable. Relying on a multi-trillion-dollar industry to operate long-term without a systematic regulatory framework is unrealistic. Witt also mentioned that we are currently in a "window period" for legislative advancement and noted that while the CLARITY Act is not perfect, securing 60 votes in the Senate requires compromises. He called for continued improvements to the bill to avoid "pursuing perfection" from hindering legislation from passing.
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Techub News: White House Digital Asset Committee Director Patrick Witt posted on the X platform stating that the crypto market structure bill is inevitable. Relying on a multi-trillion-dollar industry to operate long-term without a systematic regulatory framework is unrealistic. Witt also mentioned that we are currently in a "window period" for legislative advancement and noted that while the CLARITY Act is not perfect, securing 60 votes in the Senate requires compromises. He called for continued improvements to the bill to avoid "pursuing perfection" from hindering legislation from passing.