White House crypto adviser Witt says other Clarity Act hurdles being cleared
CoinDesk
White House adviser Patrick Witt reports progress on resolving remaining obstacles to the Digital Asset Market Clarity Act following a stablecoin yield compromise.Summary
Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, reports that negotiations regarding the Digital Asset Market Clarity Act are advancing. After securing a durable compromise on stablecoin yield, Witt noted that several previously intractable issues are nearing resolution behind the scenes. While banking lobbyists continue to express concerns regarding stablecoin competition, the White House remains confident that the legislative hurdles will be cleared to allow the bill to proceed to a Senate Banking Committee markup.
(Source：CoinDesk)