White House Crypto Advisor Denounces Attempts To Sabotage CLARITY Act’s Goals

No progress has been made recently on the delayed CLARITY Act, the crypto market structure bill, primarily due to opposition from the banking sector over stablecoin rewards. Despite this stalemate, White House Crypto Advisor Patrick Witt has been vocal in advocating for the bill’s passage. Witt Calls Out Banks For Undermining Crypto Progress In a social media post on Tuesday, Witt emphasized the importance of keeping the CLARITY Act a pro-innovation piece of legislation. He criticized efforts to co-opt the legislative process into an anti-competition framework, labeling such actions as “shameful source: https://www.newsbtc.com/crypto/white-house-crypto-advisor-denounces-attempts-to-sabotage-clarity-acts-goals/