White House Crypto Advisor: The Crypto Bill Will Not Include Provisions Targeting Trump Personally

Odaily Planet Daily News: Patrick Witt, Executive Director of the U.S. President’s Advisory Council on Digital Assets, stated that the White House will not accept provisions in cryptocurrency market structure legislation that directly target President Trump or his family’s digital asset businesses. These issues have been clearly marked as a “red line.”

Witt said that some Democratic lawmakers’ previous proposals for anti-corruption or ethics clauses are “completely unacceptable,” emphasizing that the core of the bill is cryptocurrency market regulation, not ethics review. He expressed hope that Democrats could propose a more “reasonable and negotiable” version to advance the legislation.

Witt also pointed out that the White House’s current top priority is to facilitate a bill that can be signed into law by the President and to seek a compromise amid disagreements between the banking sector and the crypto industry over stablecoin yields. However, he also admitted that the Democrats’ demands to restrict high-ranking government officials and their families from participating in the crypto industry remain one of the main obstacles to legislative progress. (CoinDesk)