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CLARITY Act nears Senate review with stablecoin yield compromise expected, says White House advisor Witt

Market News
13 Apr 2026
Blockonomi
View Source
Neutral
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At the Solana Summit in New York on April 13, 2026, White House digital assets advisor Patrick Witt discussed upcoming crypto regulation and legislation in Washington. The CLARITY Act, which aims to define digital commodities and split oversight between the SEC and CFTC, has passed the House and is moving toward Senate Banking Committee review. The main issue in negotiations is whether stablecoins should be allowed to offer yield, with banks opposing and crypto firms supporting yield to ensure competitive fairness. Witt expressed confidence that a workable compromise has been reached, though neither side is fully satisfied, with a Senate markup expected in late April 2026.

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