White House crypto adviser Witt says other Clarity Act hurdles being cleared
CoinDesk·20h ago·Hope
What Happened
White House crypto adviser Patrick Witt said negotiations on the Digital Asset Market Clarity Act are advancing. A compromise on stablecoin yield appears secure. Work continues on other issues including DeFi protections and restrictions on government officials profiting from crypto. Witt stated multiple concerns have been resolved. The bill requires a Senate Banking Committee hearing before advancing to a final vote.
Key Entities
Patrick WittWhite HouseDigital Asset Market Clarity ActU.S. SenatePresident's Council of Advisors for Digital Assetsstablecoin yieldSenate Banking CommitteeAmerican Bankers Association