White House Crypto Committee Director: Still Committed to Advancing the CLARITY Act in September

Odaily Planet Daily News: Patrick Witt stated on the X platform that the administration remains committed to advancing the passage of the CLARITY Act in September. He noted that only legislation can provide lasting rules, and such legislation is needed now more than ever. Furthermore, Patrick Witt criticized that every delay by Democrats in advancing the bill further sets the U.S. back in the competitive crypto landscape, undermining its global financial market leadership, weakening national security, and depriving law enforcement of tools to combat crypto crime. He stated that the CLARITY Act is the result of years of genuine bipartisan cooperation, and Democrats still have an opportunity to shape U.S. digital asset policy by assisting with the legislation. The administration will remain open and continue good-faith negotiations until the September vote.