Patrick Witt, Executive Director of the White House Cryptocurrency Committee, denied claims that the defeat of the Clarity Act in the Senate last week was due to President Donald Trump's personal cryptocurrency interests. According to CoinDesk, he attended a conference at Georgetown University and explained, "Democrats politicized this issue. The recently passed housing bill did not include strict government ethics review clauses. The main subject of the Clarity Act debate was the President, and the President agreed to unprecedented ethics provisions." He further pointed out, "It is ironic that Democrats are raising inappropriate conflict of interest issues, claiming that Trump led cryptocurrency policy while operating a cryptocurrency business. Many senators on the Banking Committee hold and trade stocks in financial service companies that they regulate."
