White House Adviser Says Compromise Talks on CLARITY Act Are Ongoing

JH Kim

Summary

A compromise discussion is underway to secure passage of the US digital-asset market structure bill, the CLARITY Act.
Witt said the issue of stablecoin interest payments remains both the top priority and a key sticking point.
The market sees the fate of the CLARITY Act as a key factor that will influence the direction of digital-asset regulation in the US.

Forecast Trend Report by Period

Compromise talks are ongoing to advance the CLARITY Act, a US digital-asset market structure bill, as negotiators work through key sticking points that could determine the legislation’s fate.

CoinDesk reported on June 13 that Patrick Witt, executive director of the White House’s Council of Advisers on Digital Assets, said in an interview that efforts to reconcile differences over the bill are continuing.

Witt said resolving the issue of stablecoin interest payments is the top priority. He described it as a central point of contention.

He also said several issues are being discussed behind the scenes and that some have already been resolved, signaling possible progress in the negotiations.

Some matters had previously appeared difficult to resolve, Witt added. Progress on a few of them is boosting confidence that the remaining disputes can also be addressed.

The market views the fate of the CLARITY Act as a key factor in shaping the direction of US digital-asset regulation. Further progress in Congress is being closely watched.