Patrick Witt, executive director of the White House Council of Advisors on Digital Assets, announced at Korea Blockchain Week 2025 that the long-anticipated crypto market structure bill is expected to pass before the end of the year. He emphasized that the administration is working closely with Congress to clear hurdles and deliver the legislation to President Donald Trump’s desk.

The bill, which merges several proposals including the CLARITY Act and the Responsible Financial Innovation Act, aims to establish clear regulatory boundaries between the SEC and CFTC. With bipartisan momentum building, the framework is designed to provide certainty for digital assets, particularly Bitcoin, and restore the U.S. as a leader in crypto innovation. Witt highlighted that progress builds on the Genius Act, which earlier this year laid out rules for stablecoins.

Declaring the U.S. “open for business,” Witt said the White House is moving “full speed ahead” to bring crypto firms back onshore. Officials stressed direct engagement with industry leaders to ensure real-time insights shape policy decisions.