White House Encryption Council Chief: Encryption Structures Act Passage is Only a Matter of Time; Now is the Best Legislative Window

Patrick Witt, head of the White House Crypto Committee, posted on the X platform that the newly released draft of the Senate Agriculture Committee's Crypto Market Structure Bill is a high-quality bipartisan collaboration. Its text is more than 80% similar to the House CLARITY bill. It has already received the support of a majority of Democrats on the Agriculture Committee and nearly 40% support in the House Democratic caucus. He also emphasized that under the regulatory environment of Trump and the crypto community, crypto market structure legislation is "only a matter of time." If the current window of opportunity is missed, a more stringent and punitive regulatory framework may be faced in the future.