White House aims for July 4 deadline to pass landmark crypto regulation bill
The Block
White House adviser Patrick Witt is targeting July 4 to pass significant federal cryptocurrency regulation through Congress.Summary
The White House has set an ambitious target of July 4 to pass landmark cryptocurrency legislation. Patrick Witt, a top crypto adviser, expressed optimism about the Senate advancing a bill in June to regulate the industry at the federal level, specifically focusing on jurisdiction between the SEC and the CFTC. While compromises have been made regarding stablecoin rewards, lawmakers are now negotiating ethics provisions to address concerns over President Donald Trump's personal crypto ventures. The administration maintains that any new ethics rules must apply broadly to all officials rather than targeting specific individuals.
(Source：The Block)