White House digital asset adviser Patrick Witt said divisions over crypto legislation have narrowed, with a Senate committee vote expected after Congress returns as lawmakers debate SEC, CFTC, and stablecoin reward provisions.
White House digital asset adviser Patrick Witt said disagreements over U.S. crypto legislation have narrowed, improving the chances that a comprehensive bill could advance. A key Senate committee is expected to vote on the measure after Congress returns. The legislation would clarify regulatory responsibilities between the SEC and the CFTC, while one of the remaining points of debate is how to handle stablecoin rewards. Witt’s comments also suggest that the earlier compromise on stablecoin yield remains relevant as lawmakers continue negotiations.