[White House Crypto Committee Director: Democrats Politicize the 'CLARITY Act,' Banking Lobby Also Impedes Bill's Progress] Odaily Planet Daily News – Patrick Witt, Executive Director of the White House Presidential Advisory Committee on Digital Assets, stated at the Georgetown University Financial Markets Quality Conference that the 'CLARITY Act' has failed to advance in the Senate partly because Democrats have politicized Trump's crypto-related conflicts of interest. Witt noted that Trump had previously agreed to two 'unprecedented' ethical provisions. Additionally, Witt attributed part of the resistance to lobbying by the banking industry, stating that large banks are concerned about stablecoin rewards competing with interest-bearing bank deposits and have conveyed these concerns to community banks.