A senior White House adviser on digital assets has called on lawmakers to move quickly to pass the proposed “Clarity Act,” warning that the legislative window to establish a comprehensive regulatory framework for cryptocurrencies is rapidly closing.

Speaking during policy discussions in Washington, the adviser said there was “no time to wait” if the United States is to maintain its leadership in financial innovation.

The remarks come as Congress faces mounting scheduling pressures and competing legislative priorities that could delay consideration of the bill.

The Clarity Act is designed to provide clearer definitions for digital assets, delineate oversight responsibilities among federal regulators, and establish guardrails for exchanges and issuers.

Supporters argue that the measure would reduce regulatory uncertainty that has weighed on investment and innovation in the sector.

President Donald Trump’s administration has emphasized the importance of ensuring that emerging financial technologies develop within a framework that protects consumers while encouraging entrepreneurship.

Officials say that without decisive legislative action, companies and capital may continue migrating to jurisdictions offering more predictable regulatory environments.

Industry representatives have broadly welcomed the push for clarity, stating that fragmented enforcement and overlapping agency guidance have created confusion for firms seeking compliance.

Some lawmakers, however, have expressed concerns about investor protection, market volatility and systemic risk, calling for careful scrutiny before final passage.

The adviser stressed that the administration views digital asset regulation as both an economic and strategic priority, particularly as other major economies advance their own frameworks.

With the current congressional session approaching key deadlines, the fate of the Clarity Act may hinge on whether lawmakers can reconcile competing proposals in time for a vote.

If enacted, the legislation would mark one of the most significant federal efforts to codify cryptocurrency oversight, potentially shaping the trajectory of the U.S. digital asset market for years to come.