White House · Donald Trump · US Senate · CLARITY Act · Republicans · Elizabeth Warren · The Block
White House crypto adviser feels ‘very good’ ahead of Senate Clarity Act vote on Tuesday
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The White House's top crypto advisor says he feels "good" about an initial vote in the Senate on cryptocurrency legislation that would regulate the industry for the first time at the federal level.
Key facts
- On Monday, during a Solana Policy Institute summit in Washington, Witt said that the White House has attempted to address all issues that have been raised throughout Clarity Act negotiations
- The Senate is slated to vote on the bill on Tuesday in an initial procedural vote in which 60 votes are needed for it to advance
- Overall, if the Clarity Act does not get past the Senate, Witt alluded to regulatory agencies, like the Securities and Exchange Commission and the Commodity Futures Trading Commission, stepping
- On Monday, Witt said BRCA is still "robust," and said changes to it were a result of negotiations in the Senate, particularly with Sen
Summary
On Monday, during a Solana Policy Institute summit in Washington, Witt said that the White House has attempted to address all issues that have been raised throughout Clarity Act negotiations. "Whether or not we get 60 votes is going to be a political calculation, not a policy calculation because this truly is a bipartisan bill that is worthy of support," Witt said. Less than a day before Witt's comments, Senate Republicans released their latest version of the Clarity Act, which included significant changes to the treatment of stablecoin rewards, how to address President Donald Trump 's conflicts of interest as well as software developer protections, all of which have since garnered grumbling among the crypto industry, banks and lawmakers alike.