PANews|Jun 05, 2026 00:02
[White House Crypto Advisor Backs the 'Clarity Act,' Calling It Beneficial for Regulation and Enforcement]
According to The Block, White House digital asset advisor Patrick Witt stated that the 'Clarity Act' is a bill that 'supports regulation and enforcement,' addressing criticisms from law enforcement groups about its perceived lack of strength in combating financial crimes. Witt mentioned that in response to concerns from enforcement agencies, lawmakers have added new sections to the bill. Witt emphasized that global capital flows are accelerating, and if the U.S. does not establish standards, it will have to accept rules set by others. Senator Cynthia Lummis warned that if the bill is not passed this year, it might not be revisited until 2030. The 'Blockchain Regulatory Certainty Act,' advocated by DeFi proponents, has been incorporated into the Senate version, clarifying that non-custodial developers are not considered money transmitters.
Share To
HotFlash
APP
X
Telegram
CopyLink