🇺🇸 The White House sets goal to finalize crypto legislation in July



Patrick Witt, senior crypto advisor to the White House, said:

🖤The current goal is to pass comprehensive crypto legislation into law before July 4th.

🖤The Senate may push the bill forward in June, then the House will have time to pass and reconcile the final version.

The focus of the bill is to create the first federal framework for crypto regulation, including dividing oversight authority between the CFTC and SEC.

If on time, this will also be a pretty big “birthday gift” for the US crypto market ahead of Independence Day and the 250th milestone.

❗️Just providing information, not investment advice! #DYOR #NFA
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