White House blames big banks for blocking CLARITY Act over stablecoin fears

Patrick Witt Blames Banks as Clarity Act Stalls Amid Stablecoin Push

The Digital Asset Market Clarity Act has been halted in the U.S. Senate after advancing through committee. The…

Amid Stablecoin Push, Witt Blames Banks on CLARITY Act

Patrick Witt blames bank lobbying for the CLARITY Act's Senate setback, as the US explores dollar-backed stablecoin initiatives.

White House blames big banks for CLARITY Act collapse

the breakdown Market briefing: The White House is pinning the CLARITY Act's failure on big banks fearing stablecoins will drain their deposits. Bitcoin sits near $84,299, down 2.5 percent, as regulatory clarity slips into next year. The White House blames big banks for killing the CLARITY Act over stablecoin deposit fears. The bill is now unlikely to pass this year, leaving the SEC, CFTC and Treasury to lead. BTC trades near $84,299, down 2.5 …

White House blames big banks for blocking CLARITY Act over stablecoin fears

The clash between traditional banks and digital assets may hinder regulatory progress, affecting the future landscape of financial innovation.