White House Optimistic on 2025 Crypto Bill Passage

The executive director of the White House Digital Asset Advisory Committee has expressed optimism regarding the passage of the cryptocurrency market structure bill. Speaking at a conference during the 2025 Korea Blockchain Week, the official stated that the committee is working diligently to navigate the existing rules and procedures, collaborating with members of both the House and Senate to expedite the submission of the bill to the President. The official emphasized the committee's commitment to removing obstacles and acting as a mediator when necessary, while respecting the legislative process.

The cryptocurrency market structure bill encompasses a series of legislative actions at various stages of development, with the goal of merging these into a single comprehensive bill. Key among these is the Republican-led CLARITY Act, which passed the House with bipartisan support in July. Additionally, Republican senators recently introduced the Responsible Financial Innovation Act of 2025. These bills share a common objective: to establish a comprehensive regulatory framework for digital assets, clearly defining the jurisdictions of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the oversight of cryptocurrencies.

This legislative push follows the passage of the Genius Act earlier this year, which set basic rules for stablecoins. Despite the ongoing legislative work, the White House is actively working to open the U.S. market to digital asset companies, encouraging them to bring their businesses back to the country. The official stated, "The U.S. welcomes commercial activity, and we are moving full speed ahead in the cryptocurrency space. We are working to bring back as many companies as possible that moved overseas due to the previous administration's actions."

The official also noted that the White House Digital Asset Advisory Committee is readily accessible to cryptocurrency enterprises seeking to engage with the government, stating that "a single phone call is all it takes to reach us." This proactive approach underscores the administration's commitment to fostering the growth of the digital asset industry within a robust regulatory framework.

The passage of the cryptocurrency market structure bill is seen as a crucial step in providing regulatory clarity for the digital asset industry. The bill aims to establish a comprehensive framework for the regulation of cryptocurrencies, addressing issues such as consumer protection, market manipulation, and the role of stablecoins. The official's prediction that the bill will be passed by the end of 2025 reflects a growing consensus among policymakers that regulatory certainty is essential for the long-term growth and stability of the digital asset market.

The White House's efforts to facilitate the return of digital asset companies to the U.S. are part of a broader strategy to position the country as a global leader in the digital economy. By creating a favorable regulatory environment, the U.S. aims to attract innovative companies and foster the development of new technologies, ultimately benefiting both the industry and the broader economy. The official's remarks underscore the administration's commitment to supporting the growth of the digital asset industry while ensuring that it operates within a robust regulatory framework.