Patrick Witt, Chairman of the White House Advisory Board on Digital Assets, stated via his X (formerly Twitter) that "If the United States fails to pass a comprehensive cryptocurrency regulatory framework (Market Structure Bill, Clarity Act) and secure leadership in the crypto sector, the biggest beneficiary will be the Chinese Communist Party (CCP)." Meanwhile, the Clarity Act is currently stalled, unable to pass the US Senate Banking Committee. Some predict that the Clarity Act will pass the Senate in May.
