White House and U.S. Treasury officials agree that despite some hope that Congress' "lame duck" session could see the bill again, the work's in regulators' hands.
- White House crypto adviser Patrick Witt and the Treasury Department's assistant secretary for financial institutions, Luke Pettit, were on the same page: shrugging over the Clarity Act's end-of-year chances but focusing on the current progress of financial regulators.
- The crypto bill's potential for arising again in the so-called lame duck session of Congress after the elections will depend on how those elections go, both officials said at a CoinDesk Policy & Regulation event in Washington.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
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