Trump administration advisor on cryptocurrencies Patrick Witte stated that banks should not perceive the returns on stablecoins as a threat.
He called on the parties to seek a compromise, as negotiations on the CLARITY Act bill are intensifying under pressure from the political calendar and the approaching midterm deadlines.
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🏛️ Banks Should Not Fear Stablecoins
Trump administration advisor on cryptocurrencies Patrick Witte stated that banks should not perceive the returns on stablecoins as a threat.
He called on the parties to seek a compromise, as negotiations on the CLARITY Act bill are intensifying under pressure from the political calendar and the approaching midterm deadlines.