Patrik Witt: “The CLARITY Act is more important than the GENIUS Act”

JOON HYOUNG LEE

Summary

Witt said the Crypto market structure bill (the CLARITY Act) is more important than the GENIUS Act.
Witt said the White House emergency meeting with the U.S. banking and crypto industry was solution-oriented, adding that it can be resolved sufficiently.
Democratic U.S. senators are reportedly planning a closed-door meeting on the CLARITY Act, and the Senate Banking Committee has delayed consideration of the CLARITY Act in light of industry pushback and other factors.

Patrik Witt, executive director of the White House Crypto Advisory Committee, said the “Crypto market structure bill (the CLARITY Act) is more important than the GENIUS Act.”

According to CoinDesk on the 3rd (local time), Witt made the remarks while attending the “Ondo Summit 2026” conference held in New York.

Earlier, on the 2nd, Witt held an emergency meeting at the White House with the U.S. banking and crypto industries regarding the CLARITY Act. He previously said of the meeting that it was “solution-oriented,” adding that he was “confident this issue can be resolved sufficiently as well.”

Meanwhile, Democratic U.S. senators are reportedly planning to hold a closed-door meeting on the CLARITY Act on the 4th (local time). The Senate Banking Committee has delayed consideration of the CLARITY Act, taking into account industry pushback and other factors.

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