According to Wu, Patrick Witt, the head of the White House Crypto Committee, posted that the Crypto Market Structure Bill is bound to be introduced. Expecting a multi-trillion-dollar industry to operate long-term without a systematic regulatory framework is unrealistic. Witt pointed out that we are currently in a rare favorable window—pro-crypto president, Congress in control, a friendly regulatory environment from the SEC and CFTC, and overall industry health. If this opportunity is missed, a future financial crisis could lead to more punitive regulatory legislation spearheaded by the Democrats (similar to Dodd-Frank). He acknowledged that the CLARITY Act is not perfect but emphasized that securing 60 votes in the Senate requires compromise. He urged continued improvements to the bill’s content and warned against letting the pursuit of perfection become an obstacle to legislative progress. http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=55430