White House Official Optimistic About Stablecoin Revenue Agreement

The White House's cryptocurrency committee director, Patrick Witt, expressed optimism regarding ongoing discussions between banks and crypto companies about the CLARITY Act's stablecoin revenue issues. According to Foresight News, Witt noted that while negotiations continue, parties involved are actively working to address other obstacles. If the Senate's current compromise proposal remains intact, resolving remaining disputes should be more straightforward. Key bipartisan senators have indicated that the consensus reached on stablecoin revenue appears to be holding strong. Witt emphasized the importance of maintaining the compromise to effectively tackle other pending issues.