Trump's Digital Asset Advisor: The White House will not accept crypto bill provisions targeting the President

2026-02-04 00:37:30

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Deep Tide TechFlow News, February 4th, according to CoinDesk, U.S. President Trump’s digital asset advisor Patrick Witt stated that the White House will not accept a crypto market structure bill containing provisions targeting Trump. Witt described the ethical provisions proposed early on by California Senator Adam Schiff as “completely outrageous,” and explicitly stated that “provisions targeting the President personally or his family members will not be allowed.”

Currently, the main policy goal of the U.S. cryptocurrency industry is at an impasse due to several issues, including the Democratic Party’s demand to ban senior government officials from profiting from the crypto industry. Witt said the White House is trying to “broker an agreement” between the banking sector and stablecoin products. According to insiders, the White House has instructed industry insiders to submit a compromise plan by the end of February. As midterm elections approach, the longer the legislative process drags on, the more difficult it will be for Congress to pass the bill.

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