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White House digital-assets adviser Patrick Witt cited a recent exploit involving assets held by the U.S. Marshals as proof federal crypto holdings need safeguarding.

The CLARITY Act has stalled in Senate Banking deliberations, setting back an array of market rules that would solidify into law most of the pro-crypto stance that took hold in the President Donald Trump administration. Yet, Congress may have handed crypto markets an unexpected experiment. Galaxy Research puts the odds of enactment this year at […] The post CLARITY’s delay to test Wall Street’s $6.6 trillion stablecoin warning which is at odds with White House view appeared first on CryptoSlate.

A gunman fired shots in the hotel hosting the White House Correspondents’ Association dinner on Saturday, causing United States President Donald Trump and his cabinet to be rushed out before the suspect was taken into custody. Here is a timeline of the incident and its immediate aftermath. Around 8:35pm ET (5:35am PKT on Sunday): Guests at the Washington Hilton dinner took cover when shots were heard, video footage showed. Soon after, Secret Service agents rushed towards Trump, escorting the president and his cabinet from the ballroom. U.S. President Donald Trump, first lady Melania Trump, White House Press Secretary Karoline Leavitt and CBS News senior White House correspondent Weijia Jiang attend the annual White House Correspondents’ Association dinner in Washington, DC, US, April 25,. — Reuters Guests take cover after US President Donald Trump and first lady Melania Trump were rushed out of the White House Correspondents’ Association dinner by Secret Service agents when a man opened fire with a shotgun on...

Gunfire cut short the White House Correspondents’ Dinner on April 25, forcing the evacuation of President Donald Trump after a man armed with multiple weapons charged a security checkpoint at the high-profile gala. In a post on Truth Social, Trump revealed that US law enforcement agents subdued the suspect, who was later identified as Cole […] The post Official TRUMP token price in free fall amid White House shooting incident after memecoin gala appeared first on CryptoSlate.

US President Donald Trump will appear at an event for holders of the TRUMP memecoin after the White House previously said it wasn’t locked into his schedule. The White House has reportedly confirmed that US President Donald Trump will attend the exclusive event for top TRUMP memecoin holders at his Florida residence on Saturday, after questions were raised earlier this month over whether he would attend. Reuters reported on Friday that the White House confirmed Trump would deliver a keynote address at the gala luncheon organized by the company behind his Official Trump (TRUMP) memecoin. The gala is set to take place at Mar-a-Lago. It will be open to the top 297 holders of the TRUMP token, and the top 29 holders will also qualify for a private reception with the president. Read more

A White House digital assets official has slammed the traditional banking sector's continued opposition to the proposed stablecoin yield compromise in the CLARITY Act. On April 17, Patrick Witt, the executive director of the White House Presidential Advisory Committee on Digital Assets, accused the financial institutions of “greed or ignorance” due to their intensified lobbying […] The post White House tells “greedy” banks to “move on” from CLARITY Act stablecoin yield fight appeared first on CryptoSlate.

Anthropic CEO Dario Amodei visited US officials at the White House on Friday, where they struck a different tone from the recent dispute between the United States’ government and the AI startup. US media reported Amodei met with Susie Wiles, President Donald Trump’s chief of staff, as well as US Treasury Secretary Scott Bessent. “Today, the White House hosted an introductory meeting with Anthropic that was both productive and constructive,” a White House spokesperson told AFP. “We discussed opportunities for collaboration, as well as shared approaches and protocols to address the challenges associated with scaling this technology.” The rhetoric marks a departure from months earlier, when US President Donald Trump instructed the US government to “immediately cease” using Anthropic’s technology after the company refused to allow the Pentagon have unconditional use of its Claude AI models for military purposes. “We look forward to continuing this dialogue and will host similar discussions with other leading AI c...

"I don't have a ballpark," White House budget director Russell Vought told lawmakers Wednesday about the cost of the Iran war.

White House study sharpens CLARITY’s core fight as Senate execution remains the real test A recent White House economic study has changed the focus of Washington’s debate over the CLARITY Act. The report addresses the main issue slowing the bill in the Senate: whether limiting stablecoin yields actually protects the banking system. The study’s findings are […] The post White House exposes stablecoin yield ban wouldn’t help banks, raising the stakes for CLARITY in the Senate appeared first on CryptoSlate.

The American Bankers Association is concerned that stablecoin yields would lead to mass deposit outflows from smaller community banks. The American Bankers Association (ABA) has criticized a White House report that claimed banning stablecoin yields would only have a negligible impact on banks, arguing that the conclusion was reached by asking the “wrong question.” The White House’s Council of Economic Advisers claimed in a research paper on Wednesday, on the “Effects of Stablecoin Yield Prohibition on Bank Lending,” that under a baseline scenario, banning stablecoin yield may only increase bank lending by $2.1 billion, representing a marginal net increase of about 0.02%. ABA chief economist Sayee Srinivasan and vice president for banking and economic research Yikai Wang said in a statement on Monday that the “live policy concern” is not whether prohibiting yield on stablecoins would impact bank lending but whether allowing yield on stablecoins would encourage deposit outflows, particularly from community bank...

A new study from the American Bankers Association says the White House economists went after the wrong premise in their recent look at the issue.

Reuters reported that White House staff were warned against using confidential information after suspicious Iran-linked oil futures bets and fresh scrutiny of prediction markets. The White House warned staff against improperly using confidential information to place bets in futures markets after suspicious oil trades ahead of President Donald Trump’s March 23 Iran announcement drew scrutiny, according to Reuters. Reuters reported on Thursday that the White House sent the internal email on March 24, a day after Trump ordered a five-day delay in attacks on Iran’s energy infrastructure. The warning followed a roughly $500 million bet on Brent and West Texas Intermediate crude futures placed in a one-minute burst shortly before Trump’s March 23 announcement, according to Reuters calculations based on exchange data. Oil prices fell about 15% after the policy shift. Read more

The Trump administration and the broader crypto industry have initiated an unprecedented, multi-agency pressure campaign aimed at forcing the Senate to pass the Digital Asset Market Clarity Act, signaling a decisive final push to overhaul the regulatory framework of the $2.4 trillion cryptocurrency market before the 2026 midterm elections. In a highly synchronized effort this […] The post CLARITY Act faces White House blitz as Treasury and SEC flood Senate with coordinated pressure this week appeared first on CryptoSlate.

White House economists said banning rewards wouldn't significantly boost banks' financial health, amplifying the crypto industry view in the Clarity Act debate.

White House economists say banning stablecoin yield would add little to bank lending while imposing significant costs on users. A White House report found that banning yield on stablecoins would have a marginal impact on bank lending while creating clear economic downsides. According to the Council of Economic Advisers, a three-member agency within the Executive Office of the President tasked to offer the president economic advice, moving funds from stablecoins back into bank deposits would not translate into significant new lending. Under its baseline scenario, total bank lending would increase by about $2.1 billion, roughly 0.02% of the $12 trillion loan market. The report, published Wednesday, says that community banks would see even smaller gains. Lending at these institutions would increase by roughly $500 million, or about 0.026%. Read more

The proposal includes a startup exemption, a fundraising exemption and an investment contract safe harbor for issuers.  US Securities and Exchange Commission Chair Paul Atkins has revealed that a key crypto market safe harbor proposal has landed at the White House for review. Speaking at the Digital Assets and Emerging Technology Policy Summit on Monday, Atkins said the Regulation Crypto Assets proposal — outlined by the SEC in mid-March — has now been submitted to the Office of Information and Regulatory Affairs. "We will have reg crypto that we will be proposing here shortly. It's in fact at OIRA right now, which is the next step before being published," he said. Read more

US President Donald Trump has removed Attorney General Pam Bondi from her post, a White House official said on Thursday, following mounting frustration with her performance, including her handling of investigative files related to the late financier and sex offender Jeffrey Epstein. Trump had also reportedly grown frustrated that Bondi was not moving quickly enough to prosecute critics and adversaries whom he wanted to face criminal charges. In a social media post, Trump praised Bondi as a “Great American patriot and a loyal friend” and said she will move to a job in the private sector. Trump said Deputy Attorney General Todd Blanche, his former personal lawyer, will lead the Justice Department in the interim. During her tenure as the top US law enforcement official, Bondi was a combative champion of Trump’s agenda and dismantled the Justice Department’s longstanding tradition of independence from the White House in its investigations. But it was repeated criticism over the Epstein files, including from Trump...

David Sacks leaves office with wins for crypto infrastructure, while Bitcoin holders are still waiting David Sacks is out of the formal White House crypto czar role after exhausting the 130-day limit attached to his special government employee status. The change closes the clearest window for a scorecard. The record is substantial, yet it falls […] The post White House crypto czar leaves office after securing crypto wins for banks and institutions instead of Bitcoin appeared first on CryptoSlate.

White House AI and Crypto Czar David Sacks said Thursday he was joining the President’s Council of Advisors on Science and Technology and leaving the czar role.

A White House review has cleared a Labor Department proposal that could widen the path for crypto-linked exposure in 401(k) retirement plans. The White House’s Office of Information and Regulatory Affairs (OIRA) has completed its review of a Department of Labor (DOL) proposal that could reshape how 401(k) fiduciaries evaluate alternative assets, including digital-asset exposure. The OIRA’s website shows the review concluded on March 24, with the action marked “consistent with change” and the proposal classified as “economically significant.” The DOL is now expected to publish the proposed rule for a standard 60-day public comment period, which is usually followed by revisions and the issuing of a final rule. The proposal follows President Donald Trump’s Aug. 7, 2025, executive order directing federal agencies to expand access to alternative assets in 401(k) plans, including exposure to digital assets through certain investment vehicles. Read more