The post CLARITY Act Gains White House Support as Approval Odds Hit 70% appeared on BitcoinEthereumNews.com.

Patrick Witt, executive director of the President’s Council of Advisers for Digital Assets, has added fresh momentum to the debate around the CLARITY Act. His recent comments rejected limits on stablecoin rewards and signaled support for a version of the bill that keeps intermediaries free to offer such programs. That position has drawn attention because stablecoin rewards remain one of the main sticking points in Washington talks. At the same time, Polymarket traders have placed the odds of the CLARITY Act becoming law in 2026 at about 70%, showing that market confidence has stayed firm despite the dispute. White House Crypto Adviser Backs a No-Compromise Approach on Rewards Patrick Witt’s remarks placed him on the side of crypto firms that want to preserve stablecoin rewards through intermediaries. He argued against compromises that would block those programs, framing restrictions as a policy error at a time when lawmakers are trying to build a clear federal structure for digital assets. His position matters because he serves in a White House advisory role focused on digital assets. That support gives the crypto sector a boost even as banking groups continue to press for stricter limits. The latest discussion grew louder after industry participants pointed to pushback from bank lobby groups. Those groups have argued that reward-bearing stablecoin products could pull deposits away from traditional banks and reduce the funds that support local lending activity. Crypto executives and founders have answered that argument by defending consumer choice and open competition. Panos Mekras, co-founder and chief executive of Anodos Finance, said restrictions would unfairly protect bank profit models and limit how users manage their own money. Stablecoin Rewards Remain the Main Obstacle  The broader dispute centers on whether stablecoin rewards resemble interest-bearing savings products too closely. Banking groups have said that if digital platforms attract…

---

Filed under: News - @ March 7, 2026 7:24 pm