White House crypto adviser Patrick Witt said momentum behind U.S. crypto market structure legislation could fade sharply if the CLARITY Act does not advance by Sept. 15. In a post on X, Witt said Congress has been working on crypto market structure rules for years and that the Senate has been in talks over the bill since last summer. He also said that over the past week, Chuck Schumer and what he described as “pro-crypto Democrats” blocked a procedural vote before recess and pushed for another delay. Witt’s warning points to a narrowing window for the legislation as lawmakers head deeper into the current calendar. His comments did not provide additional details on what form the next step would take, but framed Sept. 15 as a key deadline for keeping the bill’s chances alive.
White House crypto adviser Patrick Witt said the CLARITY Act could face much longer odds if it fails to make progress by Sept. 15.
In a post on X on Aug. 9, Witt said Congress has spent years pushing crypto market structure legislation. He added that the Senate has been negotiating the CLARITY Act since last summer.
Witt said that over the past week, Chuck Schumer and what he called “pro-crypto Democrats” blocked a procedural vote on the bill before recess and sought another delay.
He warned that if the measure does not advance by Sept. 15, the chances of it passing later would drop sharply.
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