The discussion surrounding the CLARITY Act in the United States has sparked a public debate between the banking sector and White House crypto policy officials. Christopher Williston VI, president of the Texas Independent Bankers Association, issued a statement on the X platform, clearly stating that if the banking industry compromises on this legislation, it would adversely affect local lending and economic productivity. He emphasized that he would not back down on issues of liquidity that support the local economy.
In response, Patrick Witt, executive director of the White House Digital Asset Advisory Committee, pointed out that failing to compromise on the CLARITY Act would mean no restrictions would be placed on providing stablecoin rewards to intermediaries. According to the banking sector's rhetoric about 'deposit outflows,' this situation could lead to catastrophic consequences. Witt vividly likened this logic to 'watching an arsonist threaten to burn down their own house.'