LATEST NEWS: The White House blames big banks for ending the CLARITY Act out of fear that stablecoins will drain their deposits.
White House crypto adviser Patrick Witt says that opposition to the bill was "a wildfire that was started by bigger banks and that finally spread to community banks".
He says Trump was willing to divest from his crypto or place it in a blind trust, calling it the most restrictive ethics requirement "that has ever been agreed to by any president".
Witt described the attacks on Trump as "something ironic", given that "many senators on banking committees" actively trade shares of the financial companies they regulate.$BTC
White House crypto adviser Patrick Witt says that opposition to the bill was "a wildfire that was started by bigger banks and that finally spread to community banks".
He says Trump was willing to divest from his crypto or place it in a blind trust, calling it the most restrictive ethics requirement "that has ever been agreed to by any president".
Witt described the attacks on Trump as "something ironic", given that "many senators on banking committees" actively trade shares of the financial companies they regulate.$BTC
