According to Mars Finance, Patrick Witt, head of the White House Crypto Committee, stated 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 over 80% similar to the House's Clarisity Bill, and it has already garnered support from a majority of Democrats on the Agriculture Committee and nearly 40% support in the House Democratic caucuses. He also emphasized that under the Trump administration and the current regulatory environment, crypto market structure legislation is "only a matter of time," and missing the current window could lead to a more stringent and punitive regulatory framework in the future.
The head of the White House Encryption Council stated that the passage of the Encryption Structures Act is only a matter of time, and the current window of opportunity is the best for legislation.
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