According to ME News, on June 5 (UTC+8), Patrick Witt, Director of the White House Crypto Committee, stated that the CLARITY Act is a "pro-regulation and pro-enforcement" bill, addressing criticisms from law enforcement groups regarding insufficient anti-money laundering provisions. "As global capital flows accelerate, if the United States does not establish its own standards, we will be forced to follow others' rules. This is a pro-regulation bill and a truly pro-enforcement bill." Additionally, Senator Cynthia Lummis said that if the bill fails to pass this year, it may not be reconsidered until 2030. (Source: Foresight News)
Chief of the White House Crypto Council Defends the CLARITY Act as a Pro-Regulation and Pro-Enforcement Bill
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Summary
Patrick Witt, head of the White House Crypto Council, said on June 5 that the CLARITY Act supports regulation and enforcement actions, addressing concerns from law enforcement groups regarding anti-money laundering provisions. He emphasized the need for the U.S. to establish standards amid rapidly moving global capital. Senator Cynthia Lummis warned that if the bill does not pass this year, it may not return until 2030. The bill aligns with CFT goals, reinforcing its role in preventing financial crime.
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