Cryptocurrency regulation in the United States appears to have a clear date on the legislative calendar. Patrick Witt, executive director of the Cryptocurrency Council and a key figure in recent negotiations at the White House, estimated that President Donald Trump will sign the Clarity Act on April 3.
This statement was made at the Ondo Summit event held in New York. among them, The businessman expressed optimism about regulatory progress. We aim to structure the crypto asset market in the North American country.
Witt’s announcement was supported by former congressman and crypto industry advocate Patrick McHenry, who said the April 3 date is a “pretty realistic” goal.
McHenry said the speed of the process is in response to efforts to ensure that technology development based on decentralized records returns to U.S. territory. So, Repositioning the state as the center of financial innovation and digital assets.
This prediction emerged after a high-level technical meeting held at the White House this Monday. For two hours, policy and compliance experts from companies such as Coinbase, Circle, and Fidelity sat down with representatives from the American Bankers Association (ABA) to discuss key points in the bill.
Law of Clarity (or Digital Asset Market Transparency Act) seeks to establish a comprehensive regulatory framework in the United States that eliminates legal uncertainty regarding the nature of digital assets. Its core purpose is to define precisely which digital currencies should function as commodities under the supervision of the CFTC and which should be treated as securities under the supervision of the SEC.
Additionally, the regulation aims to formally integrate stablecoins into national payment systems, mandates 1:1 reserve backup, and establishes clear competition rules for financial intermediaries and exchange platforms.
The resolution of this conflict will determine whether April 3 becomes the de facto date. Starting point for a new legal era for Bitcoin and digital assets In the US.
(Tag Translate) Cryptocurrency
