
US Representative Patrick Witt has deferred his scheduled military training to remain in Washington as the CLARITY Act moves to the Senate for consideration.
The decision allows Witt to participate in discussions surrounding the digital asset market structure bill, which seeks to clarify the regulation of cryptocurrencies in the United States.
The CLARITY Act aims to define the responsibilities of the US Securities and Exchange Commission and the Commodity Futures Trading Commission in overseeing digital assets.
Supporters of the legislation said clearer regulatory rules could encourage innovation while improving certainty for businesses operating in the cryptocurrency sector.
The bill follows months of debate in Congress over how to balance consumer protection with the growth of the digital asset industry.
If approved by the Senate and signed into law, the CLARITY Act would represent one of the most significant updates to US cryptocurrency regulation.