The White House expects a sweeping crypto market structure bill to reach President Donald Trump’s desk before the end of 2025, according to Patrick Witt, executive director of the White House Council of Advisors on Digital Assets.
Speaking Tuesday at Korea Blockchain Week 2025’s Impact conference, Witt said the administration is working closely with lawmakers in both chambers of Congress to move the legislation forward.
“We’re unblocking what we can, we’re serving as a referee when there’s kind of an impasse, weighing in where necessary,” he explained. “We’re respecting the process. We’re optimistic that we are going to get it done before the end of the year.”
Building a Comprehensive Framework
The forthcoming crypto market structure bill is expected to consolidate multiple pieces of legislation currently in progress. Among them is the CLARITY Act, a Republican-led proposal that passed the House in July with bipartisan support, and the Responsible Financial Innovation Act of 2025, recently introduced in the Senate.
Together, these efforts aim to create a unified regulatory framework for digital assets. A central component of the debate is clarifying oversight responsibilities between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which have long overlapped in their approach to regulating crypto.
This legislative push follows the passage of the Genius Act earlier this year, which established foundational rules for stablecoins.
Reopening Doors for Crypto Businesses
Beyond regulation, Witt emphasized the administration’s commitment to strengthening the U.S. as a hub for digital asset innovation.
“The U.S. is open for business, we are moving out full speed ahead on crypto,” he said, stressing efforts to bring back companies that had shifted operations overseas.
Harry Jung, deputy director of the Council of Advisors for Digital Assets, added that engagement with the industry remains a priority.
“For us as government officials to make good, positive decisions, when we meet with these innovators, when we meet these companies, that gives us a better color of what’s happening in real time,” Jung said.
