White House Digital-Asset Adviser Calls CLARITY Act ‘Pro-Regulation, Pro-Law Enforcement’

Patrick Witt, a White House adviser on digital assets, called the CLARITY Act a “pro-regulation” and “pro-law enforcement” bill as the measure remains at the center of a political fight in Washington.

CoinDesk reported on June 4 that Witt told an industry event the US would ultimately have to follow rules written by other countries if it fails to set standards for digital-asset regulation.

Witt also said the bill includes additional provisions to reflect some of the concerns raised recently. He stressed that the CLARITY Act would not undermine law enforcement.

Some law-enforcement agencies and Democratic lawmakers have recently argued that the CLARITY Act could weaken anti-money laundering rules and make it harder to combat financial crime.

Supporters of the bill, meanwhile, argue that it would clarify jurisdiction over digital assets and reduce regulatory uncertainty, helping industry growth in the US and strengthening investor protection.

The CLARITY Act is awaiting review in the US Senate and has emerged as a major issue for the digital-asset industry, the financial sector and Washington.