‘Crypto bill is inevitable,’ says Trump’s advisor as CLARITY Act talks drag on
Trump's digital asset advisor Patrick Witt stated that a crypto market structure bill is inevitable, emphasizing the need for compromise to secure Senate passage. He criticized Coinbase CEO Brian Armstrong's opposition to the current CLARITY Act draft, warning that industry resistance could lead to stricter Democratic legislation. While some executives support the bill, Armstrong opposes its restrictions on stablecoin yield and DeFi. Market optimism has declined, with prediction odds dropping to 40% for the bill's passage by 2026. The bill's future remains uncertain as stakeholders seek consensus.
ambcrypto01/21 09:02
