White House Digital Asset Advisory Committee Executive Director Patrick Witt stated that the White House is pushing for the Digital Asset Market Clarity Act to be passed by Congress before July 4th, with the Senate Banking Committee expected to advance deliberations this month, and in June, a four-week Senate session was scheduled to push for a full chamber vote. Patrick Witt also said that the controversy over stablecoin yield provisions has been largely resolved; the current plan will prohibit stablecoin yields similar to bank deposit interest but will allow reward mechanisms related to consumer behavior. Additionally, the White House is negotiating with Congress on conflict of interest provisions applicable to all government officials, rather than targeting specific politicians or their families. (CoinDesk)

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