TLDR
- Patrick Witt attended the Solana Summit in New York on April 13, 2026.
- Witt said he would discuss crypto regulation and legislation in Washington during the event.
- The CLARITY Act has passed the House and now moves toward the Senate Banking Committee review.
- Stablecoin yield rules remain the central issue in the current negotiations.
- Witt said he was “very confident” that negotiators had reached a workable compromise.
Patrick Witt, a White House digital assets advisor, attended the Solana Summit in New York on April 13. He signaled a policy update before a panel on crypto regulation in Washington. His appearance came as the CLARITY Act moved toward a Senate Banking Committee markup this month.
Crypto Legislation Focus Sharpens at New York Summit
Witt said on X that he was “excited” to join @millercwl at the Solana Summit. He said they would discuss crypto regulation and legislation in Washington.
The Solana Policy Institute hosted the event in New York City on April 13. The program gathered policy, finance, and blockchain executives for discussions.
Organizers listed crypto regulation, Web3 policy, DeFi adoption, and institutional blockchain use among the main topics. They also focused on how decentralized networks fit into modern finance.
Other speakers included SkyBridge Capital founder Anthony Scaramucci and Solana Foundation President Lily Liu. Representatives from Grayscale, Citibank, Fidelity, and Bitwise also joined the summit.
Witt’s attendance placed White House policy voices at the center of the event. That timing matched the latest stage of federal digital asset legislation.
CLARITY Act Heads Toward Senate Review
The CLARITY Act would define digital commodities and investment contract assets in federal law. It would also divide oversight duties between the SEC and the CFTC.
The bill passed the House and now nears Senate review. The Senate Banking Committee is targeting a markup in late April 2026.
Lawmakers and industry groups have delayed the bill several times during negotiations. The main dispute centers on whether stablecoins should offer yield.
Coinbase chief executive Brian Armstrong has argued that yield is needed for fair competition. He also said Americans should have a chance to earn more on their money.
Banks, including Morgan Stanley and Standard Chartered, have raised the opposite concern. They warn that yield-bearing stablecoins could move trillions from bank deposits.
Witt addressed the issue during a “Crypto in America” podcast episode. He said senators were still weighing views before the committee markup.
He also said he was “very confident” that negotiators had reached a compromise. He added that neither side appeared satisfied.
Witt cited Senator Olsen Brooks when describing the talks. He said both sides could dislike the result, yet still accept it.
He then said, “We don’t love this…but we can live with it.” Witt said negotiations had reached that point.
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