White House Advisor Says Crypto Market Structure Bill Will Happen, Locking in Pro-Crypto Momentum

Source: CryptoNewsNet Original Title: White House Advisor Says Crypto Market Structure Bill Will Happen, Locking in Pro-Crypto Momentum Original Link:

Overview

U.S. crypto legislation is inevitable, and delaying action risks harsher rules later as Washington debates whether to lock in influence now or surrender control of a multi-trillion-dollar market to future political backlash.

Key Arguments

Executive Director of the President’s Council of Advisors for Digital Assets Patrick Witt shared a forceful defense of advancing U.S. crypto legislation, framing the debate as a strategic choice between shaping policy now or facing stricter rules later.

He emphasized:

“Let’s not kid ourselves. There will be a crypto market structure bill — it’s a question of when, not if. Assuming a multi-trillion dollar industry will continue to operate indefinitely without a comprehensive regulatory framework is pure fantasy.”

Witt described the current political alignment as an unusual opening for the crypto sector, highlighting a pro-crypto President, unified control of Congress, and regulators at the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) positioned to shape implementation. He framed delay as a strategic error rather than a neutral choice, arguing that inaction effectively postpones influence over the rules that will ultimately govern a multi-trillion-dollar market.

The Strategic Choice

Witt invoked the “no bill versus bad bill” argument, pushing back against criticism that the current Senate draft would leave the crypto industry worse off than operating under today’s regulatory status quo.

“So, do we take advantage of the opportunity to pass a bill now, with a pro-crypto President, control of Congress, excellent regulators at the SEC and CFTC to write the rules, and a healthy industry? Or do we fumble the ball and allow future administrations to write punitive legislation in the wake of a financial crisis?”

He cautioned that waiting could expose the industry to reactionary policymaking following a market shock, emphasizing: “You might not love every part of current legislative proposals, but I can guarantee you’ll hate a future punitive version even more.”

Pragmatism Over Ideology

Addressing criticism from within the crypto sector, Witt emphasized pragmatism over ideological purity:

“Let’s keep working to improve the product, recognizing that compromises will need to be made in order to get sufficient votes, but let’s not let perfect be the enemy of the good.”

Industry Perspectives

Supporters of legislative clarity often point to defined compliance obligations, broader institutional participation, and stronger consumer protections as potential outcomes of a federal framework, while critics remain focused on safeguarding innovation, competition, and financial privacy.

Key Takeaways

• Inevitability of regulation: A comprehensive crypto market structure bill is viewed as inevitable by policymakers
• Timing matters: Current political conditions favor pro-crypto legislation more than likely future scenarios
• Risk of delay: Postponing action could result in harsher, more punitive rules from future administrations
• Compromise necessity: Achieving legislative consensus requires accepting imperfect solutions over holding out for ideal outcomes