White House Crypto Advisor: If No Breakthrough Before September 15, CLARITY Act May Struggle to Advance

TechFlow news, August 9, White House cryptocurrency advisor Patrick Witt stated that the U.S. Congress has been advancing cryptocurrency market structure legislation for years, and the Senate has also been negotiating the Clarity Act since last summer. However, in the past week, Senate Minority Leader Chuck Schumer and some cryptocurrency-supporting Democrats blocked a procedural vote on the bill before the recess and requested another extension. Witt believes that if relevant parties cannot make progress before September 15, the room for subsequent advancement of the bill may significantly narrow.