The White House is preparing to introduce a structured legal approach to governing the cryptocurrency sector in the United States by the end of the year. This was revealed by Patrick Witt, the Executive Director of the White House Digital Assets Advisory Council, during the Impact conference at the Korea Blockchain Week 2025. The administration plans to present draft legislation to President Donald Trump, emphasizing collaboration with both the Senate and House of Representatives. According to Witt, significant hurdles have been addressed through mediation among various regulatory bodies.
What’s Included in the U.S. Crypto Legislation?
The proposed legal framework for the U.S. cryptocurrency market comprises several legislative measures. Notably, the CLARITY Act gained bipartisan support in the House of Representatives in July. This legislation aims to define the jurisdictional boundaries between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), which is crucial for establishing a coherent regulatory system.
How is Crypto Business Support Addressed?
Witt has asserted that beyond legislative planning, efforts are being made to make the U.S. an appealing destination for cryptocurrency businesses. “The U.S. is open for business. We are moving full steam ahead in the cryptocurrency sector,” said Witt, addressing the administration’s goals to entice firms back to the country.
The White House is actively engaging with industry leaders through its Crypto Council to streamline communication channels, ensuring companies can easily interact with lawmakers. Harry Jung, Vice President of the Council, emphasized that these discussions play a role in shaping vital regulatory frameworks that will nurture domestic growth in the crypto field.
These initiatives expand on the groundwork laid by the Genius Act, which was the first major regulatory foray into stablecoins and set the tone for clarity in the digital asset space.
Concrete outcomes from these regulatory efforts include:
- Defined roles for CFTC and SEC.
- Revised policies to attract foreign and returning cryptocurrency companies.
- Strengthened ties between the government and digital asset industry through active dialogues.
The White House’s initiatives represent a crucial shift toward crafting a reliable and transparent regulatory ecosystem in the U.S. By setting predictable rules and guidelines, the nation aims to attract investments, reinforce the industry’s domestic presence, and increase its competitive edge globally.
