PiCK
White House Digital Assets Official Says Trump Administration Will Keep Pushing Clarity Act
Summary
- Patrick Witt said the Trump administration will continue to pursue the Clarity Act.
- Witt said the future of digital assets is bright and that the Clarity Act could have another chance in the future.
- Witt emphasized that the current administration will work to provide as much regulatory clarity as possible through policy.
Forecast Trend Report by Period
Patrick Witt, executive director of the White House's digital asset council, said the Trump administration will continue pushing the Clarity Act after the bill failed in a recent procedural vote in the Senate.
The Block reported on September 23 that Witt, speaking at a conference at Georgetown University, said "the future of digital assets is bright" and called it disappointing that the Clarity Act did not pass this time, though he added that there could be another opportunity in the future.
The U.S. Senate voted 49-50 on September 15 in a procedural vote to advance the Clarity Act, falling short of the threshold needed to move the bill forward.
Witt said the current administration would work to provide as much regulatory clarity as possible through policy.
JH Kim
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