White House: Pass the "Crypto Assets Market Structure Act" by the end of the year, Trump promotes the return of digital assets to the United States

Patrick Witt, Executive Director of the White House Digital Assets Advisory Committee, announced at the Korea Blockchain Week 2025 Impact Conference that the Crypto Assets market structure bill is expected to pass by the end of 2025. This milestone legislation will provide a comprehensive regulatory framework for the US crypto industry, marking a significant shift in the US government's approach to digital asset policy.

The White House is Pushing for Crypto Legislation: A Policy Shift from Confrontation to Embrace

Patrick Witt stated at the meeting on September 22 that the White House Digital Asset Advisory Committee is actively collaborating with both chambers of Congress, aiming to deliver a comprehensive Crypto Assets market structure bill to President Trump’s desk as soon as possible.

“We are doing our best to break the barriers, acting as referees when a stalemate occurs, and intervening when necessary,” Witt emphasized in his speech, “We respect the legislative process and are optimistic that this work will be completed by the end of the year.”

This statement reflects a fundamental shift in the Trump administration's policy towards Crypto Assets. “Compared to the cautious or even hostile attitude of the previous administration, the current administration clearly views Crypto innovation as a key component of national competitiveness,” a policy analyst pointed out. “This shift is not just about regulation, but also a repositioning of the United States' technology strategy.”

The active participation of the White House Digital Assets Advisory Committee marks a leap for crypto assets from a regulatory gray area to a national strategic priority. “The committee is playing a key coordinating role,” explained an advisor familiar with the internal workings, “They are not only driving the legislative process but also ensuring that the final framework strikes a balance between innovation and consumer protection.”

Legislative Process: Integrated Framework of Multiple Bills

The Crypto Assets Market Structure Bill actually refers to a series of legislations at different stages of development, which are expected to ultimately be combined into a comprehensive bill. The most critical component is the CLARITY Act, which was passed with bipartisan support in the House in July.

“The bipartisan support for the 'Clear Act' is an important signal,” said a congressional observer. “It indicates that crypto regulation has transcended partisan divides and become an issue of national competitiveness.”

Republican senators also unveiled the “2025 Responsible Financial Innovation Act” earlier this month, further advancing the legislative process. These bills collectively pursue a core objective: to establish a comprehensive regulatory framework for digital assets, particularly to clearly delineate the jurisdiction of cryptocurrency regulation between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).

“The division of jurisdiction has always been a core challenge in Crypto Assets regulation,” explained a regulatory expert. “Clarifying the responsibilities of the CFTC and SEC will provide the industry with the much-needed legal certainty, eliminating the regulatory ambiguity that has plagued the market for years.”

These new bills build on the earlier passage of the GENIUS Act, which established basic rules for stablecoins. “The successful passage of the GENIUS Act paves the way for broader Crypto Assets regulation,” noted a legislative advisor, “it demonstrates that clear, balanced regulation is both possible and beneficial.”

“Full Speed Ahead”: The U.S. Crypto Industry Repatriation Strategy

In addition to promoting legislation, the White House has also made it clear that it is actively working to attract overseas crypto companies to return to the United States. This strategy is seen as a key step for the U.S. to re-establish its leadership in fintech.

“The United States is open for business, and we are rapidly advancing our Crypto Assets operations,” Witt emphasized at the meeting. “We are working hard to bring as many companies back to the United States as possible, companies that were previously forced to relocate overseas due to measures implemented by the previous administration.”

This statement directly addresses the strict regulatory environment during the previous government, when many crypto assets companies chose to relocate their businesses to more regulation-friendly jurisdictions like Singapore and Switzerland. “We have seen a clear policy shift,” commented a cryptocurrency legal expert, “from viewing crypto as a threat to seeing it as an opportunity and a national competitive advantage.”

The White House Crypto Assets Committee has also adopted an unprecedented open attitude. Witt stated that for crypto assets companies wishing to cooperate with the government, it only takes “one phone call” to contact the committee. The establishment of this direct communication channel is seen as an important step in building a constructive relationship between the government and the industry.

New Cooperative Relationship Between Government and Industry

Harry Jung, Deputy Director of the President's Digital Asset Advisory Council, emphasized the importance of direct dialogue between the government and the encryption industry: “When we meet with these innovators, these companies, we as government officials are able to make the right, proactive decisions, which allows us to better understand the real-time situation and thus make proactive decisions.”

“This cooperative model represents a fundamental shift in regulatory thinking,” said a representative of the industry association. “From the past approach of 'regulate first, understand later' to the current 'understand first, regulate later,' this is crucial for a rapidly evolving technological field.”

Many industry leaders have welcomed this new direction. “The government's open attitude has created space for constructive dialogue,” said an executive from a major crypto exchange. “This allows us to explain the technical details and business models while also understanding the legitimate concerns of regulators.”

Global Competition and U.S. Strategic Positioning

The proactive stance of the White House Cryptocurrency Committee also reflects changes in the global digital asset competitive landscape. As regions like Singapore, the UAE, and Hong Kong actively embrace crypto innovation, the United States faces pressure to maintain its leadership in financial technology.

“This is not just a regulatory issue, but also a matter of national competitiveness,” explained an international financial expert. “Digital assets are reshaping global financial infrastructure, and the United States cannot risk being marginalized.”

The Trump administration seems to have recognized this and has incorporated Crypto Assets into a broader technology leadership strategy. “Like semiconductors and artificial intelligence, Blockchain and digital assets are seen as key technological areas,” a policy advisor pointed out, “the United States is repositioning itself to ensure leadership in these areas.”

Market Reaction and Future Outlook

The crypto market reacted enthusiastically to the positive signals from the White House. The price of Bitcoin slightly rose after Witt's remarks, while tokens related to regulation performed even stronger.

“The market is digesting these policy signals,” said a crypto analyst. “Regulatory clarity has always been one of the main barriers for institutional investors entering the crypto market. If a comprehensive regulatory framework can be established by the end of the year, it could unleash a new wave of institutional capital inflow.”

However, challenges still exist. “The legislative process is complex and involves multiple committees and stakeholders,” warned a former congressional aide. “Although the direction is positive, the timeline may be overly optimistic.”

Regardless, the White House's clear commitment and active involvement have sent a strong signal to the market: the United States is repositioning itself as a global leader in crypto innovation, rather than a hindrance. As the year-end deadline approaches, the crypto industry and policymakers will work together to shape a regulatory framework that balances innovation with protection.