🇺🇸BREAKING: White House blames big banks for killing the CLARITY Act over fears stablecoins would drain their deposits. White House crypto adviser Patrick Witt says opposition to the bill was "a wildfire that was started by larger banks that ultimately spread to community banks." He says Trump was willing to divest his crypto or place it in a blind trust, calling it the most restrictive ethics provision "that has ever been agreed to by any president." Witt called the attacks on Trump "somewhat ironic," given that "a lot of senators on banking committees" actively trade stocks in the financial companies they regulate.