White House Official Says Time Is Running Out to Pass CLARITY Act
Summary
- Patrick Witt, a White House official, urged Congress to move quickly on the CLARITY Act.
- Witt said the time for Congress to pass the CLARITY Act is running out quickly.
- The CLARITY Act would overhaul the regulatory framework for the U.S. digital-asset market and clarify the oversight roles of the SEC and the CFTC.
Forecast Trend Report by Period
Patrick Witt, a White House official, urged Congress to swiftly pass the CLARITY Act, a market-structure bill for digital assets.
Cointelegraph reported on September 10 that Witt said the time for Congress to approve the CLARITY Act is running short.
He added that further delays could make it harder to finish the legislation during the current session.
The CLARITY Act is designed to overhaul the regulatory framework for the U.S. digital-asset market and clarify the oversight roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission.
reporter1@bloomingbit.ioHello, I'm a reporter at bloomingbit