[Patrick Witt: Trump Agrees to Strict Ethical Terms, Rebuts Claims of Bill Failure]
White House crypto policy advisor Patrick Witt stated that the failure of the Digital Asset Market Clarity Act was due to partisan political maneuvering and obstruction by banking lobby groups, rather than Trump's connections to crypto businesses. Witt pointed out that Trump had agreed to divest crypto assets or place them in a blind trust and allowed state attorneys general to sue the federal government over its performance in addressing regulatory ethical shortcomings. Witt questioned senators trading stocks while regulating financial services companies and compared it to housing legislation, highlighting that the bill did not impose equally stringent ethical scrutiny on presidents with commercial real estate backgrounds. (Source: CoinDesk)
