Patrick Witt confirms stablecoin rewards issue is resolved through compromise.
Senate negotiators worked with White House to address bank-crypto clash over stablecoin yield.
Resulting language leaves both crypto firms and banks dissatisfied, indicating a balanced compromise.
The White House believes one of the most divisive fights holding up the CLARITY Act has been settled, with top crypto policy adviser Patrick Witt saying the stablecoin rewards and yield dispute is now “closed.”
Speaking at Consensus, Witt said Senate negotiators have worked through the issue that previously derailed progress on the digital asset market structure bill. The dispute centered on whether crypto firms and intermediaries should be allowed to…
