Content overview: “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. For the complete material, the listing points back to the source inside the network.