White House adviser defends Trump administration's crypto ties following Senate failure of the Clarity Act.
Regulation & Gov ·
A White House adviser defended the Trump administration's cryptocurrency ties following the Senate's failure to advance the Clarity Act. The bill faced opposition from major banks over a compromise provision on stablecoin rewards, according to reporting on the Clarity Act. The White House is expected to continue shaping U.S. crypto policy through its executive apparatus despite the legislative setback.