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

Odaily News According to Patrick Witt, Executive Director of the President's Advisory Committee on Digital Assets, the White House will not accept provisions in the crypto market structure legislation that directly target President Trump or his family's digital asset businesses. Such content has been clearly designated as a "red line."

Witt stated that the anti-corruption or ethics clauses previously proposed by some Democratic lawmakers are "completely unacceptable," and emphasized that the core of the bill is crypto market regulation, not ethics review. He expressed hope that the Democratic side could propose a more "reasonable, negotiable" version to advance the legislative process.

Witt also pointed out that the White House's current primary goal is to facilitate a bill that can be submitted for the President's signature and to seek a compromise in the dispute between the banking industry and the crypto industry over stablecoin revenue. However, he also admitted that the Democratic Party's demands regarding restrictions on senior government officials and their family members' participation in the crypto industry remain one of the main obstacles to legislative progress. (CoinDesk)