US EditionBanks Should Embrace Stablecoin Yield in CLARITY Act: White House Adviser
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8 Articles
Stablecoin Yield: White House Adviser Says Banks Shouldn't Fear
The regulatory dispute shaping crypto markets intensified as lawmakers push the CLARITY Act, a proposal aimed at reconciling jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) while introducing a formal taxonomy for digital assets. In this environment, White House crypto adviser Patrick Witt argued that allowing stablecoin reward programs offered by crypto platforms should not th…
The White House raised the tone about the urgency of passing the Clarity Act, a key law to define which agency regulates digital assets in the United States. As the political calendar approaches the mid-term elections, a presidential adviser warned that the room for manoeuvre is shrinking and that the lack of clear rules continues to hold back consumers, banks and crypto industry. *** Patrick Witt, a crypto advisor to the White House, said the w…
Bitcoinist
Bitcoin Ethereum NewsWhite House Crypto Adviser Warns Time Is Running Out To Pass CLARITY Act
Efforts to advance the long‑anticipated crypto market structure legislation, known as the CLARITY Act, are running into renewed headwinds as Washington’s attention gradually turns toward the 2026 midterm elections. Despite ongoing discussions at the White House and behind‑the‑scenes negotiations among lawmakers, banking and crypto industry leaders, the bill remains stalled, with bipartisan consensus still out of reach. Clock Ticks For Crypto Ma…
White House Pushes CLARITY Act Deadline Amid Stablecoin Reward Dispute
The CLARITY Act has been a long time coming, with some industry experts now saying the White House is setting a March 1 deadline for both sides to reach a unanimous agreement. On February 10, the White House hosted a stablecoin yield meeting, one of the most contentious elements of the bill, bringing together representatives from the banking sector and the cryptocurrency industry. According to reports from people on site, the meeting was “produ…
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