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White House crypto adviser Patrick Witt remains optimistic and confident that the CLARITY Act will be successfully passed, despite the political process and negotiations in Congress still facing several challenges.
The bill is important because it aims to create regulatory certainty for the digital asset industry in the US, including clarifying the framework for crypto market oversight.
Government support for crypto is indeed important, but the market is now waiting for a more concrete step: clear and permanent legal rules.
If the CLARITY Act is successfully passed, it could have a major impact on exchanges, crypto companies, institutional investors, and the development of tokenization in the US.
The bottom line: optimism is already present, but the market is waiting for one key piece of evidence: whether support for crypto will truly become law.
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