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White House Crypto Adviser Patrick Witt Says CLARITY Act Expected to Pass Before July 4
White House crypto adviser Patrick Witt said the Crypto CLARITY Act is expected to pass before July 4, signaling growing confidence within the administration that Congress will approve long-awaited digital asset market structure legislation in the coming months. The proposed legislation, formally known as the Digital Asset Market Clarity Act, is designed to establish federal rules governing digital asset exchanges, token classifications, custody providers, decentralized finance protocols, and market oversight responsibilities between the Securities and Exchange Commission and the Commodity Futures Trading Commission. ... (full story)