White House Crypto Advisor: If the CLARITY Act Fails to Advance by September 15, Its Passage May Become Unlikely

Odaily News: White House cryptocurrency advisor Patrick Witt stated on the X platform that Congress has spent years pushing for crypto market structure legislation, and the Senate has been continuously negotiating the CLARITY Act since last summer. However, over the past week, Chuck Schumer and the so-called "pro-crypto Democrats" have blocked a procedural vote on the bill before recess, demanding further delays.

Patrick Witt warned that if the bill fails to make progress by September 15, the likelihood of its future passage will decrease significantly.