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White House crypto advisor supports the "Clarity Act," stating it is beneficial for regulation and enforcement

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Mars Finance News, according to The Block, White House Digital Asset Advisor Patrick Witt said that the Clarity Act is a "law that supports regulation and enforcement," responding to criticism from law enforcement groups that it does not do enough to combat financial crimes. Witt stated that in response to law enforcement concerns, lawmakers have added a new chapter to the bill. Witt pointed out that global capital flows are accelerating, and if the U.S. does not set standards, it can only accept others' rules. Senator Cynthia Lummis warned that if the bill is not passed this year, it may not be reconsidered until 2030. The DeFi advocacy-driven Blockchain Regulatory Certainty Act has been included in the Senate version, explicitly stating that non-custodial developers are not considered money transmitters. Senator Catherine Cortez Masto voted against it, believing that this clause weakens law enforcement capabilities.
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