White House Signals Breakthrough on ‘Clarity Act’: Federal Stablecoin Floor Nears Reality

Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets and the White House’s chief crypto adviser, said on Monday that negotiations on the Digital Asset Market Clarity Act have advanced well beyond the stablecoin yield impasse, with multiple outstanding issues being resolved in parallel behind the scenes. The signal is the clearest indication yet that a federal regulatory floor for payment stablecoins is within legislative reach. The question isn’t whether the White House wants this bill passed. It clearly does. The question is whether the Senate Banking Committee can hold a markup hearing before the political window closes, analysts warn that missing a May 2026 advancement deadline risks pushing the entire legislative effort past the November midterms. Key Takeaways: Yield Compromise Holding: A bipartisan deal on stablecoin yield – the primary bank-