White House crypto advisor Patrick Witt vows aggressive rulemaking if Clarity Act fails

Patrick Witt, the executive director of the President’s Council of Advisors for Digital Assets, has laid out a clear ultimatum for Congress: pass the Clarity Act, or watch the SEC and CFTC take matters into their own hands. In a recent interview, Witt said the administration is prepared to pursue an “aggressive rulemaking agenda” through existing agency authority if the Digital Asset Market Clarity Act of 2025 fails to clear the Senate. The Clarity Act, explained The legislation in question, formally known as H.R. 3633, attempts to draw a line between what the SEC oversees and what falls under the CFTC’s jurisdiction. The bill’s core framework would hand oversight of digital commodities to the CFTC while preserving the SEC’s authority over investment contracts. Beyond jurisdictional boundaries, the act tackles stablecoin yields, anti-money laundering provisions, and enforcement tools. Witt has described the package as “pro-regulatory, pro-enforcement.” The bill already passed the House and advanced through the Senate Banking Committee. The Senate returned from its August recess in September 2026 with a packed calendar and limited floor time before the next break, making the window ...