White House Deputy Director "Stablecoin Regulation, Top Priority… Pushing for Swift Passage of the Clarity Act" [Eastpoint Seoul 2025]

Harry Jeong, Deputy Director of the White House Digital Asset Policy Advisory Committee

Presented 'U.S. Web3 Policy Direction' at 'Eastpoint Seoul'

The Trump administration is accelerating the building of the digital asset ecosystem

Pushing for swift passage of the Clarity Act to provide regulatory clarity

Stablecoins are a key starting point for the global financial system

The U.S. aims to become the 'cryptocurrency capital'

"Stablecoin regulation is an important starting point in the global financial system. The White House advisory committee is prioritizing this, working with regulators to continue institutional support, and is also pushing for the swift passage of the Clarity Act, a bill to structure the digital asset market (CLARITY Act)."

Harry Jeong, Deputy Director of the White House Digital Asset Policy Advisory Committee (photo), said this on the 22nd during the fireside chat 'U.S. Web3 Technology Adoption: Policy Directions and Global Leadership' at the global Web3 private conference 'Eastpoint Seoul 2025' held at the Grand Hyatt Seoul in Yongsan-gu, Seoul.

Jeong said the Trump administration is accelerating the building of the digital asset ecosystem. He said, "President Trump views digital assets and technology as important mechanisms," and added, "The White House has already published related reports and, through executive orders, formed a presidential working group." He explained that cooperation is taking place through a unified government approach involving the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Treasury Department, and the Commerce Department.

Regarding the Clarity Act, Jeong said, "We are working with Congress to advance the bill's passage," and added, "We are clarifying jurisdictions between the SEC and the CFTC and reflecting on-the-ground conditions. Enforcement was fragmented in the past but is now being organized, and the administration is supporting efforts to make the U.S. the cryptocurrency capital." The Clarity Act, the U.S. digital asset regulatory bill, clarifies the legal classification of virtual assets such as securities and commodities and delineates supervisory jurisdiction among regulators like the SEC and the CFTC.

On stablecoin regulation, he said, "The U.S. Treasury published a report after the signing of the GENIUS law and incorporated industry feedback," adding, "Stablecoins are a key starting point in the global financial system. The White House advisory committee is also treating this as a top priority. We started from nothing but passed legislation at a rapid pace."

He also said, "Some European and Asian countries established virtual asset regulations years ago. Now the U.S. has introduced the GENIUS law under presidential leadership," and continued, "For the U.S. to become the cryptocurrency capital, a regulatory framework must back it, and institutional support is needed so that companies that left can grow domestically." He added, "(Regulation) should establish a domestic foundation first and then move to international coordination."

Jeong said, "Together with David Sacks, the White House virtual asset and artificial intelligence (AI) czar, and Patrick Witt, Chair of the White House Virtual Asset Advisory, we are working to make the U.S. the cryptocurrency capital," and added, "Listening to voices from the field is important for good policy. The regulatory clarity that was lacking in recent years will be reflected as quickly as possible through industry feedback."