White House Convenes Crypto Industry Meeting Amid Clarity Act Delay
The White House is planning to hold a meeting next week, inviting key figures from the cryptocurrency and prediction market industries. The meeting coincides with the U.S. Commodity Futures Trading Commission's (CFTC) schedule for a new Innovation Advisory Committee meeting. This move comes as Congress delays voting on the Clarity Act, a cryptocurrency market structure bill.
The CFTC has planned a panel of experts from the same fields at its first meeting, which will take place on the day after the White House meeting. The delay in the Clarity Act's vote is seen as an opportunity for regulators to continue pursuing pro-cryptocurrency measures. A new draft of the bill includes an ethics provision banning government officials from promoting cryptocurrencies or profiting through them.
The industry sees this as a positive sign, with many expecting that the policy direction has not stopped despite the delay in the Clarity Act's vote. The White House meeting and CFTC Innovation Advisory Committee schedule are being taken as a signal that the U.S. administration and regulators are widening their points of contact with the industry.