US crypto advisor says coordination for market structure bill is ongoing

Patrick Witt, Executive Director of the U.S. President's Council of Advisors for Digital Assets, said that efforts to finalize a compromise for the passage of the crypto market structure bill (CLARITY) are still underway. In an interview with CoinDesk, he stated that it is essential to resolve the issue of interest payments on stablecoins before tackling other matters. Witt noted that work on this issue is in progress, with several other items also being discussed behind the scenes. He added that while there were times it seemed impossible to solve all the problems, the progress made on multiple fronts has given them confidence that the remaining issues can also be resolved.