According to ME News, on September 23 (UTC+8), White House crypto advisor Patrick Witt and Assistant Secretary of the Treasury for Financial Institutions Luke Pettit expressed skepticism about the possibility of progress on the Clarity Act before the end of the year, emphasizing that current focus remains on advancements by financial regulators. They noted that whether related crypto legislation can regain momentum during the post-election lame-duck session will depend on the election outcome. (Source: ODAILY)
White House Crypto Advisor Expresses Skepticism Over Clarity Act Progress by Year-End
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Summary
On September 23 (UTC+8), White House crypto advisor Patrick Witt and U.S. Treasury Undersecretary Luke Pettit expressed skepticism about the Clarity Act passing by year-end, emphasizing that regulatory priorities such as CFT measures are more pressing concerns. They suggested the bill’s fate may depend on the post-election “lame duck” session. Risk-on assets have seen increased activity, but legislative clarity remains stalled.
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