Wu said he learned that Bryan Steil, chair of the U.S. House Financial Services Committee’s Digital Assets Subcommittee, said in an interview with Fox Business that he is optimistic about the Senate passing the crypto market structure bill, the “CLARITY Act,” next week, and that it is crucial for the United States to set a “gold standard” for digital asset regulation. On the same day, Steil said the Senate is preparing to consider the bill, calling for an end to enforcement in place of regulation and to establish clear rules for the digital asset market.