Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, discussed the ongoing push for the crypto legislation and the federal government’s management of Bitcoin during a Yahoo Finance interview earlier today, stressing the need for regulatory clarity and institutional engagement.

Witt explained that the House passed its version of the Clarity Act last year, and the Senate is drafting its own amendments. 

Sections of the bill addressing the Commodity Futures Trading Commission (CFTC) have cleared the Agriculture Committee, while portions covering the Securities and Exchange Commission (SEC) remain in the Senate Banking Committee. A markup scheduled for January was postponed, and Witt said…