White House crypto advisor: Crypto Market Structure Bill likely to pass within the year

According to ChainCatcher, Patrick Witt, Executive Director of the White House Digital Assets Advisory Council, stated at the 2025 Korea Blockchain Week conference that the crypto market structure bill is expected to pass by the end of 2025.

This bill aims to establish a comprehensive regulatory framework for digital assets and will clarify the division of responsibilities between the CFTC and SEC in crypto regulation. Witt emphasized that the White House is actively promoting the return of overseas crypto enterprises and stated that the government is always ready to engage in dialogue with the industry. Currently, the Republican-led "CLARITY Act" has received bipartisan support and passed in the House of Representatives, and the Senate has also introduced the "2025 Responsible Financial Innovation Act."