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The CLARITY Act Faces Renewed Turmoil, but Patrick Witt Remains Confident

The CLARITY Act Faces Renewed Turmoil, but Patrick Witt Remains Confident


10h23 ▪
4
min read ▪ by
Evans S.

Summarize this article with:

The Clarity Act is still not dead. Patrick Witt, the White House crypto advisor, even says he is “optimistic” ahead of the next vote scheduled in the Senate on September 15. The text exceeds 600 pages and aims to give the United States a federal framework for the crypto market. However, an old issue complicates the discussions again: the rewards paid on stablecoins.

A U.S. official pushes against a chained door leading to crypto, in front of the White House.A U.S. official pushes against a chained door leading to crypto, in front of the White House.

In brief

  • The Senate plans a new stage of the Clarity Act on September 15.

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