There is a little relief that the stalled crypto market structure bill, the CLARITY Act, may regain momentum soon. 

On the 20th of March, Patrick Witt, President Donald Trump’s chief crypto advisor, confirmed that the Senate and the White House had reached an ‘agreement in principle’ to advance the bill. 

Witt hailed the deal as a ‘major milestone’ to unlock the bill and credited Senators Thom Tillis (R-NC) and Angela Alsobrooks (D-MD) for brokering the deal. He added, 

More work to be done to close out this and other outstanding issues, but this is a major milestone toward passing the CLARITY Act.

With the bipartisan support now secured, the ball will be in the banking industry’s court. At the time of writing, neither…