Patrick Witt, White House crypto adviser, said that the friction between banks and crypto firms on offering stablecoin yields is unfounded. Witt is confident that sharing yield doesn’t threaten the banks’ business model or their market share.
Meanwhile, Bitcoin price news reveals that BTC is ready to regain the $70K. However, traders are still expecting short-term volatility and are opting instead to put their money into the DeepSnitch AI presale.
Raising $1.60M, DeepSnitch AI took the market by storm with its prediction and analytics suite powered by five AI agents, which fueled massive 100x post-launch projections.
White House crypto adviser Patrick Witt said that banks shouldn’t fear crypto firms offering stablecoin yield to customers.
Calling the debate unfortunate, Witt expressed that both sides need to compromise, considering that the discussion is the major sticking point delaying the CLARITY bill.
Moreover, he believes that crypto providers sharing yield doesn’t threaten banks’ business model or market share, as banks can offer similar products.
Many banks are already applying for OCC charters to launch such offerings. Thus, Witt added, banks will likely find ways to leverage stablecoins, create new products, and grow their businesses.
Yet, stablecoin yield rewards remain a key friction point between crypto and traditional finance, stalling progress on comprehensive market structure legislation like CLARITY.
Many traders are expecting the latest Bitcoin price news and CLARITY Act developments to fuel the recovery of the wider market.
With the Bitcoin price news on February 13 noting a recovery toward $70K and improved Bitcoin market sentiment, traders believe the storm is not yet over. In fact, volatility is likely to rear its ugly head, leading many to ditch majors in favor of DeepSnitch AI and other presales.
DeepSnitch AI is thriving in this mess, raising over $1.60M at $0.03985 entry. The community is buzzing with 100x calls and long-term growth projections, with much of the excitement focused on the utility.
Five AI agents combined in a central layer will deliver a full toolkit to retail traders, one that allows them to bump up the precision and overall safety of their trades.
Packed with features, DeepSnitch AI’s platform provides everything from risk scoring, smart contract audits, spotting breakout setups, whale wallet tracking, and predictive sentiment/FUD detection.
The addition of an LLM made specifically for crypto is another key selling point as it allows you to paste a CA and get instant audits and early warnings on rugs, honeypots, liquidity traps, and more.
Whales are already piling in hard, especially for the 300% bonus on big allocations, meaning that DeepSnitch AI could quickly explode long before its listing.
According to CoinMarketCap, Bitcoin pumped by nearly 4% on February 13.
The latest Bitcoin price news reveals that BTC turned up from $65K to reach nearly $69K, targeting the breakdown level at $74K.
The latest BTC chart analysis maintains that if the coin pushes past $74.5K, it will ease the selling pressure and open up the possibility of a surge to $85K.
However, any bearish Bitcoin market updates could lead to the price rejecting the $74.5K pump, and Bitcoin could remain in its existing range for a short time. If BTC loses the $60K support, it could dip to as low as $52K.
DOGE pumped to $0.096 on February 13, according to CoinMarketCap.
Similar to what’s seen in the Bitcoin price news, DOGE could extend its recovery if it closes above the 20-day EMA at $0.10. If the setup remains unchanged, DOGE could reach its breakdown level at $0.12.
Moreover, if DOGE regains the breakdown level, the $0.16 is a possible target.
Alternatively, if the price turns down and breaks below $0.09, the OG meme coin could drop to $0.08.
With Bitcoin price news finally revealing a small recovery, Q1 is still a minefield for many established coins. Thus, it’s no surprise that many traders are cutting their losses and are rotating into
DeepSnitch AI and other early-stage presales have become a popular choice since negative sentiment can’t touch your allocation in a locked presale. While the 100x potential is a massive draw, DeepSnitch AI’s real utility stands out as the main reason traders are diving in.
Hype is reaching a boiling point as whales enter the ranks: the DSNTVIP300 code unlocks 300% extra on $30K+ investments (roughly $90K added value at current pricing).
Increase your odds of success by joining the DeepSnitch AI presale yourself and tuning into the latest updates on X or Telegram.
Bitcoin rose nearly 4% to $69K on February 13 after bouncing from $65K. A decisive close above $74.5K could ease selling pressure and target $85K, while failure risks a return to $60K or even $52K support.
DeepSnitch AI raised $1.60M at $0.03985 despite market swings, powered by five AI agents for instant contract audits, risk scoring, rug/honeypot/liquidity trap detection, breakout spotting, and predictive FUD/sentiment alerts. The real utility is the main factor fueling 100x community expectations.
Patrick Witt stated banks shouldn’t fear crypto firms offering stablecoin yield, calling the debate unfortunate and unnecessary. He believes yield-sharing doesn’t threaten banks’ model or market share, and urged compromise to advance the stalled CLARITY Act.
This article is not intended as financial advice. Educational purposes only.


