‘We’ll get it done’: White House calls CLARITY Act a regulatory unlock
The White House, through Trump's digital assets advisor Patrick Witt, expresses strong commitment to passing the CLARITY Act, a crypto market structure bill, before the midterm elections. Witt acknowledges that stablecoin yield remains the key sticking point but believes regulatory clarity is crucial to unlock trillions in institutional capital waiting to enter the crypto space. A third meeting is planned for next week to broker a compromise between crypto and traditional finance industries after some progress was made in recent negotiations. While the U.S. Treasury Secretary notes the bill's positive momentum would boost market sentiment, prediction markets are skeptical, pricing only a 36% chance of passage by June.
ambcrypto02/14 11:17
