Patrick Witt, Executive Director of the U.S. President's Advisory Council on Digital Assets, has called for the urgent passage of a cryptocurrency market structure bill. Witt emphasized the necessity of a regulatory framework for the multi-trillion-dollar industry, highlighting the current pro-crypto stance of the government and the control of Congress. He warned against delaying legislation, which could lead to more punitive laws in the future. Witt acknowledged that while the CLARITY Act may not be perfect, compromises are essential to secure the 60 Senate votes needed for its passage. He urged stakeholders to prioritize progress over perfection to ensure a favorable regulatory environment for digital assets.