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White House Crypto Council Director Patrick Witt Backs New CLARITY Act Stablecoin Rules
White House Crypto Council Director Patrick Witt has backed new stablecoin rules included in the latest CLARITY Act draft. The changes seek to limit stablecoin rewards while giving the U.S. Treasury more authority if bank deposits come under pressure. The updated text comes at the same time as a Senate cloture vote, though the legislators
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