PANews
PANews|Aug 19, 2026 00:07
[White House Crypto Advisor Optimistic About Clarity Act as Stablecoin Controversy Resurfaces] According to The Block, White House senior crypto advisor Patrick Witt expressed an 'optimistic and bullish' attitude toward the passage of the Clarity Act during the SALT conference, despite ongoing controversies surrounding stablecoin reward handling and Trump’s crypto-related conflicts of interest. The Senate Majority Leader has scheduled a cloture vote for September 15, and Witt stated that efforts are underway to negotiate with Democrats to resolve differences and secure a reliable vote on the 15th. Senate Banking Committee Chairman Tim Scott noted that the previously compromised issue of stablecoin rewards has resurfaced, saying, 'We thought it was resolved, but now the issue is back again.' Regarding the ethics clause, Trump is reportedly weighing a new proposal that would allow state attorneys general to enforce the provision.
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