White House Crypto Adviser Brands Clarity Act ‘Pro‑Law‑Enforcement’ as Congress Races to Pass Bill

Clarity Act Gains White House Backing

Patrick Witt, the administration’s senior crypto adviser, called the Clarity Act a “pro‑law‑enforcement” measure, arguing it shields investors from illicit activity. Lawmakers are racing to seal the bill before the summer recess, a timetable that has raised eyebrows on Capitol Hill.

“The legislation strengthens our ability to pursue criminal actors in the crypto sphere,” Witt told reporters, according to Reuters.

Critics warn the draft could stifle innovation, citing a ↓ 5% dip in venture funding for blockchain startups since the proposal surfaced. The debate echoes broader concerns about federal overreach, a theme that resurfaced during the recent pandemic response. Senate committees are set to vote next week, while the White House prepares to roll out enforcement guidelines.