White House Crypto Adviser Urges Banks to Embrace Yield-Bearing Stablecoins as CLARITY Act Talks Continue

White House crypto adviser Patrick Witt said on Feb. 14, 2026, that banks should not fear yield-bearing stablecoins and called for compromise as CLARITY Act negotiations continue, Cointelegraph reports. The proposed bill aims to define oversight roles for crypto markets, with lawmakers negotiating key details including stablecoin supervision and potential restrictions on yield offerings. Some stablecoin issuers pay yield to users, raising concerns among traditional banks that such products could draw deposits away from the banking system; Witt said regulatory clarity can support coexistence and cooperation rather than confrontation.