White House Adviser Patrick Witt Says He’s “Bullish” on CLARITY Act Passing

White House crypto adviser Patrick Witt said he remains optimistic about the CLARITY Act becoming law, even as disputes over stablecoin yield resurface and Democrats continue pressing over President Trump’s crypto conflicts of interest. Speaking Tuesday at the SALT conference in Wyoming, Witt said his team plans to sit down with Democrats to resolve disagreements ahead of a scheduled September 15 vote.

Stablecoin Yield Debate Reopens

The bill, which spans more than 600 pages, has faced repeated delays throughout the year. Earlier disputes over stablecoin rewards, letting users earn interest on holdings, had seemingly been resolved through a compromise from Senators Angela Alsobrooks and Thom Tillis, which barred rewards for simply holding assets while allowing them for transactions and payments. Senate Banking Committee Chair Tim Scott said Tuesday that issue has resurfaced, describing it as something lawmakers thought was settled but now need to revisit.

Ethics Provisions Still Under Negotiation

Ethics concerns tied to Trump’s crypto holdings remain another sticking point. Trump previously agreed to language barring public officials and their spouses from issuing or sponsoring digital assets, though they could still invest, with a sunset clause ending in January 2029. He’s now weighing a newer proposal from Senators Ruben Gallego and Thom Tillis that would let state attorneys general enforce the provision. Senator Cynthia Lummis said she’s uncertain what Trump will ultimately decide but noted he’s already agreed to more oversight than any previous president.

Lawmakers return from recess in mid-September before breaking again in October, leaving a narrow window for progress before the vote.