EconomyWhite House on CLARITY’s Collapse: ‘A Failure of American Leadership’

Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, called the CLARITY Act’s failed cloture vote “a major disappointment” and “a failure of American leadership.” He also addressed banks’ stablecoin-rewards argument, tokenizing real-world assets and what could make the U.S. a digital-asset capital.