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White House Chief of Staff Patrick Witt described yesterday's meeting on Bitcoin and cryptocurrency market structure legislation as a "big step forward."
Witt stated that the discussions were positive, adding, "We're close... I'm absolutely confident we'll meet the deadline."
The Clarity Act, a long-debated bill in the US, aims to bring clear regulations to crypto assets and accelerate institutional investment into the sector. While negotiations between banks and the crypto sector continue under White House mediation, reaching an agreement, particularly on stablecoin rewards, is critical.
This statement strengthens expectations that the bill will make progress by early March.
#WhiteHouseTalksStablecoinYields