White House Says Crypto Market Structure Rules Rest With Regulators, Not Congress

White House and U.S. Treasury officials have indicated that regulatory agencies, rather than Congress, will be responsible for advancing crypto market structure policy. Officials acknowledged some optimism that the Clarity Act could resurface during Congress's post-election lame-duck session, but downplayed those expectations. The stance suggests the administration is not counting on legislative action in the near term to bring clarity to digital asset markets. Instead, the burden of establishing a clearer framework for cryptocurrencies is being placed on existing financial regulators.