President Donald Trump's crypto adviser, Patrick Witt, accused Democrats of unfairly amplifying Trump's crypto ties as a political weapon.
White House and U.S. Treasury officials agree that despite some hope that Congress' "lame duck" session could see the bill again, the work's in regulators' hands.
The White House is raising pressure on Senate Democrats ahead of a Sept. 15 vote on the CLARITY Act, arguing that lawmakers have already had enough time to reach a deal on crypto market structure. On Aug. 8, Patrick Witt, executive director of the Presidential Council of Advisors for Digital Assets, accused Senate Minority Leader […]
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U.S. Senate Democrats got President Donald Trump to accept potential limits on his lucrative crypto dealings, but they say the Clarity Act's restrictions aren't enough.
The White House says it's still evaluating the "best structure" for the federal fund to hold bitcoin as a long-term reserve and a separate stockpile of other crypto assets.
Officials from the White House are said to be sitting down with law enforcement representatives who have objected to illicit-finance portions of the bill.
The bill did not specifically bar members of the US Congress from using the platforms or making sports bets, but prohibited policy wagers.
Despite Bitcoin derivatives data highlight traders’ skepticism even though BTC briefly rallied above $67,000. Are bulls stepping into a trap?
A spokesperson for the Democratic National Committee decried the move as “an opportunity to use the power of the presidency to make [Trump] and his family even richer.”
A senior White House official has accused major banking trade leaders of refusing to join earlier talks on stablecoin rewards, escalating a dispute that has become one of the final pressure points ahead of the Senate Banking Committee taking up the CLARITY Act this week. In a May 11 post on the social media platform […]
The post White House reveals US banks ‘refused’ to attend meetings to resolve stablecoin rewards issue in CLARITY Act appeared first on CryptoSlate.
White House digital-assets adviser Patrick Witt cited a recent exploit involving assets held by the U.S. Marshals as proof federal crypto holdings need safeguarding.
The executive director of the President's Council of Advisors for Digital Assets said the Senate Banking Committee hearing will happen this month on market structure. bill.
Senators Elizabeth Warren and Ron Wyden sent letters to Howard Lutnick and Tether CEO Paulo Ardoino asking about a loan Tether reportedly made to Lutnick's family.
Gunfire cut short the White House Correspondents’ Dinner on April 25, forcing the evacuation of President Donald Trump after a man armed with multiple weapons charged a security checkpoint at the high-profile gala. In a post on Truth Social, Trump revealed that US law enforcement agents subdued the suspect, who was later identified as Cole […]
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Patrick Witt told CoinDesk that a recent compromise on stablecoin yield should hold as the Senate tries to advance its crypto bill, even as bankers continue warnings.
A new study from the American Bankers Association says the White House economists went after the wrong premise in their recent look at the issue.
White House economists said banning rewards wouldn't significantly boost banks' financial health, amplifying the crypto industry view in the Clarity Act debate.
At a Republican event, the U.S. president delivered a speech that doubled down on recent comments he won't sign anything else until he gets the voting bill.
This places blockchain security in the context of national technology competition alongside AI and quantum computing.
The executive order to build President Donald Trump's Strategic Bitcoin Reserve has awaited congressional action, and sources say there's one idea left for 2026.
White House adviser Patrick Witt said yield-bearing stablecoins needn't to face bank rules because the Genius Act bars issuers from lending reserves.
Sources familiar with the talks on stablecoin yields say the White House urged bankers to get on board with a deal that lets the market structure bill advance.
In the latest of a series of meetings hosted at the White House, bankers and crypto policy experts met to break down the wall halting the market structure bill.
After the bankers shared a document at the White House demanding a total ban on stablecoin yield, the crypto side answers that it needs some stablecoin rewards.
Patrick Witt, the president's digital assets adviser, told CoinDesk that anti-corruption provisions targeting Trump would not be acceptable.
Industry insiders met with David Sacks and others in President Donald Trump's administration to try to hash out the impasse over the Senate's crypto bill.
Washington is trying again to clear a path for federal crypto rules. Talks that had stalled are being pulled back into the open as lawmakers and industry players head to a White House meeting. The plan, based on reports, brings bank executives and crypto company leaders to the same table with officials from the administration of US President Donald Trump. Related Reading: Gold, Silver Steal The Spotlight As Crypto Hype Fades On Social Media: Santiment White House Steps In Reports say the meeting is scheduled on Monday, and is meant to smooth over clashes that have held up a draft known as the CLARITY Act. About 10 bank and crypto leaders are expected to attend. Conversations have been quiet for weeks, but bringing them into a formal room raises the chance of a fresh compromise. What happens there may not be made public right away, and details could still change. Banks Have Real Concerns Lenders want limits written into law to stop certain token features from acting like bank deposits. They argue that reward-style payments on stablecoins could siphon money from traditional accounts. That worry has pushed them to demand clear language that keeps customer deposits in the conventional system. Strong guardrails are being sought so balance sheets and consumer protections do not get muddled. Crypto Firms Push Back Crypto companies say those same rules would clip useful features and slow innovation. They point out that users expect to earn yields in some crypto services and that strict limits would change how people use digital assets. Several firms stepped away from the current bill draft after saying it would harm parts of the market. That pullback helped stall the process and forced negotiators to rethink priorities. Markets Signal Mixed Views Bitcoin has reacted to the back-and-forth. Prices moved up on some headlines and fell on others. Traders are watching for clear rules; many feel long-term clarity would help markets. Short-term moves, though, have been choppy as investors digest each new report. The mood is cautious, and that caution has been visible in trading volumes and in how quickly prices bounce. Political Timing Matters The Senate calendar is tight. Lawmakers who support the bill want something to show before deadlines and committee work closes. That pressure could spur faster drafting if both sides give some ground. But politics will shape what language survives. Some aides say compromise is still possible, while others expect more delay. Related Reading: Record Pain: Bitcoin Investors Suffer $4.5B Loss, Most In 3 Years A Narrow Window For Action If those at the meeting signal flexibility, a revised draft could go back to committee in the weeks ahead. If no common ground appears, the CLARITY effort may be parked again. Either outcome will leave the industry watching how regulators handle stablecoins, custody, and who has oversight between agencies. Featured image from Pexels, chart from TradingView
White House crypto advisor Patrick Witt said stablecoins are the “gateway drug” for global finance and that Washington is racing to deliver regulatory clarity.
The White House AI and Crypto Czar was one of the first, and most prominent, Silicon Valley representatives to be named to a major role in Trump’s new administration.
The White House AI and Crypto Czar was one of the first, and most prominent, Silicon Valley representatives to be named to a major role in Trump’s new administration.