WuBlockchain
White House digital assets adviser Patrick Witt has set an aggressive legislative clock: the administration wants the Digital Asset Market Clarity Act passed before July 4, with the Senate Banking Committee expected to advance the bill this month. Witt signaled that a key sticking point — disputes over stablecoin yield provisions — has largely been resolved, clearing a significant path forward.
On conflict-of-interest rules, the White House is negotiating language that would apply broadly to all government officials rather than singling out specific politicians or their families — a framing designed to ease bipartisan resistance.
Witt also confirmed that updates on the proposed U.S. Strategic Bitcoin Reserve are coming "in the coming weeks." The administration is currently auditing, centralizing, and strengthening custody arrangements for crypto assets held across federal agencies,…
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