The White House is prioritizing the passage of a comprehensive crypto market structure bill by the end of the year, aiming to establish clear regulatory guidelines for digital assets such as Bitcoin and Ethereum. Patrick Witt, the White House's Bitcoin advisor, confirmed the bill's significance, highlighting its potential impact on institutional adoption, custody, and trading of major cryptocurrencies. The legislation, which is in its final stages of preparation, could significantly affect DeFi protocols and market dynamics. Key figures involved in the drafting process include David Sacks and members of the Senate Banking Committee. Additionally, the nomination of Michael Selig to lead the CFTC underscores the administration's strategic focus on enhancing crypto regulation.