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White House Crypto Advisor Defends Trump's Crypto Ties, Citing Agreement to Unprecedented Restrictions
White House crypto advisor Patrick Witt defended Donald Trump's cryptocurrency ties, accusing Democrats of politicizing the issue and revealing that Trump had previously agreed to unprecedented crypto restriction clauses. Witt stated that the Senate's failure to pass the Digital Asset Market Clarity Act last week was partly due to banking lobbyists' concerns that stablecoin rewards would compete with bank deposits.
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