CLARITY Act supporters face a 60-vote procedural hurdle, with final passage requiring further Senate action. Patrick Witt defends the latest compromise as banks and Democrats challenge its pr
White House crypto adviser Patrick Witt expressed confidence in the CLARITY Act before Tuesday’s scheduled Senate procedural vote. Speaking Monday at a Solana Policy Institute summit in Washington, he described securing 60 votes as a political challenge.
Witt said negotiators had addressed concerns raised throughout the talks. However, banks, Democrats and developer advocates continue disputing provisions in the latest draft.
Patrick Witt, executive director of the White House Council of Advisors for Digital Assets, called the package the final offer. He said President Donald Trump approved its revised ethics language.
Crypto companies have been offering rewards on stablecoins for years. We don’t need to speculate: If the deposit flight myth were real, it would have already occurred. Instead, data shows bank deposits are going up, not down. Still, the compromise contained in Section 404 of… https://t.co/uHVuLzJoVw
— Patrick Witt (@patrickjwitt) September 14, 2026
The CLARITY Act proposal gives state attorneys general a role in enforcing conflict-of-interest restrictions involving federal officials. Nevertheless, Democrats including Elizabeth Warren question whether those powers adequately reach the president and other officeholders.
Witt disputed claims that state attorneys general cannot sue covered officials. Senator Chris Van Hollen separately opposed the legislation, arguing that its consumer protections and ethics provisions need further changes.
Tuesday’s vote concerns cloture on the motion to proceed, rather than final passage. With 53 Republicans, unanimous party support would still require seven Democrats or independents to reach 60 votes.
The CLARITY Act would empower Treasury to restrict stablecoin rewards if community banks experience substantial deposit withdrawals. Banking associations argue that intervention after deposits leave would come too late.
They want clearer restrictions on interest-like payments linked to payment stablecoins. Their opposition persists despite the proposed circuit breaker.
Developer advocates also object to revisions removing explicit criminal-law protections under Section 1960. Coin Center says the revised BRCA improves regulatory safeguards but leaves a central criminal-liability question unresolved.
Witt defended the developer provisions and attributed the changes to Senate negotiations involving Catherine Cortez Masto. If the CLARITY Act stalls, he pointed to existing SEC and CFTC rulemaking powers.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.“The agencies already have tremendous rulemaking authority,” Witt said.
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