White House crypto adviser says there's no time to wait as Clarity Act window closes [Yahoo! Finance Canada]
Coinbase Global, Inc. - 3Class A (COIN)
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Source: Yahoo! Finance Canada
"Let's not let any moss grow here," urged Patrick Witt, executive director of the President's Council of Advisors for Digital Assets, on Yahoo Finance's Opening Bid. Witt warned the window for passing the critical Clarity Act is "rapidly closing" as the political calendar shifts focus toward upcoming midterms, which often consume all legislative oxygen on Capitol Hill. As the industry grapples with uncertainty and a volatile market, the prospect of clear regulatory guidelines hangs in the balance, threatening to leave investors in limbo. To the White House, crypto's lack of clarity is not merely red tape; it is a barrier to mainstream adoption for consumers and financial firms. Witt noted that getting the bill done will require nimbleness from both the crypto community and big banks, noting the council has held numerous meetings at the White House to find a middle ground. Currently, senators on both sides have voiced concerns about a potential "deposit flight" from traditiona
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