Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, told CoinDesk he expects a recently reached compromise on yield for stablecoins to be durable — a step needed to advance the Digital Asset Market Clarity Act toward a Senate Banking Committee markup. Negotiators have also made considerable progress on other outstanding issues, including illicit‑finance protections for DeFi and Democratic requests to bar senior officials from profiting from crypto, with talks continuing behind the scenes. Witt noted mixed views among bankers: the White House issued a report downplaying banking risks from yield‑bearing stablecoins while the American Bankers Association pushed back.

The story reports a durable compromise on stablecoin yield that is described as necessary to move the Digital Asset Market Clarity Act toward a Senate Banking Committee markup, and notes progress on other negotiation points (DeFi illicit‑finance protections and ethics provisions). It also reports conflicting views from the White House and the American Bankers Association about banking risks from yield‑bearing stablecoins. These are concrete regulatory-decision developments that moderately affect market expectations but do not announce immediate market actions.