TechFlow news, September 23 — According to The Block, Patrick Witt, Executive Director of the White House Digital Assets Advisory Committee, said at the Korea Blockchain Week 2025 conference that the Crypto Market Structure Act is expected to be passed by the end of 2025. The 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 repatriation of overseas crypto companies and stated that the government stands ready to engage in dialogue with the industry. Currently, the Republican-led CLARITY Act has already passed the House with bipartisan support, while the Senate has introduced the Responsible Financial Innovation Act of 2025.
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