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The White House on CLARITY's collapse: 'a failure of American leadership'
Gabe Rosenberg, a partner at Davis Polk & Wardwell, sits down with Patrick Witt, Executive Director of the President's Council of Advisors for Digital Assets, at CoinDesk's Policy & Regulation conference. Witt breaks down the CLARITY Act’s cloture vote, calling it "a major disappointment" and "a failure of American leadership." Witt also dismantles the banks' stablecoin-rewards argument, makes the case for tokenizing real-world assets, and lays out what would make the U.S. the digital-asset capital by the end of the administration.
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