White House Signals Breakthrough on ‘Clarity Act’: Federal Stablecoin Floor Nears Reality

Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets and the White House’s chief crypto adviser, said on Monday that negotiations on the Digital Asset Market Clarity Act have advanced well beyond the stablecoin yield impasse, with multiple outstanding issues being resolved in parallel behind the scenes. The signal is the clearest indication yet that a federal regulato…