White House eyes year-end finish line for sweeping crypto market structure bill

Patrick Witt, the executive director of the White House Council of Advisors on Digital Assets, said he expects the crypto market structure bill to pass before the end of 2025.

Witt said at Korea Blockchain Week 2025’s Impact conference on Tuesday that the council is navigating existing rules and procedures to get the bill on President Donald Trump’s desk as soon as possible, working with members of the Senate and the House.

"We're unblocking what we can, we're serving as a referee when there's kind of an impasse, weighing in where necessary," Witt said. "We're respecting the process. We're optimistic that we are going to get it done before the end of the year."

The crypto market structure bill refers to a set of several legislation in various stages of development that are expected to merge into one. A key bill is the Republican-led CLARITY Act that passed the House in July with bipartisan support. Republicans at the Senate have also unveiled The Responsible Financial Innovation Act of 2025 earlier this month.

These bills chase a single goal to establish a comprehensive regulatory framework for digital assets, which includes setting a clear jurisdiction divide between the CFTC and the SEC for crypto regulation.

The legislative movement for crypto builds on top of the passage of the Genius Act earlier this year, which set a fundamental set of rules for stablecoins.

Full speed ahead

While legislative efforts for digital assets are still midway, Witt says the White House is actively working to open up the country for digital asset companies to return their operations onshore.

"The U.S. is open for business, we are moving out full speed ahead on crypto," Witt said. "We're trying to bring as many of these companies back on shore that were driven offshore by previous moves that our preceding regime put in place."

Witt added that the White House crypto council is just "one phone call away" for crypto businesses that want to engage with the administration.

"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 at real time, for us to make those positive decisions," said Harry Jung, Deputy Director of the President's Council of Advisors for Digital Assets.