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New White House Cryptocurrency Advisor: Establishing US Federal Cryptocurrency Reserve a Top Priority

Summary: Patrick Witt, the new White House cryptocurrency advisor replacing Bo Hines, stated that he will urge lawmakers to conduct a comprehensive review of US cryptocurrency policy and push regulators to implement the new stablecoin law. The top three priorities currently are the Senate's market structure legislation, rapid implementation of the stablecoin law (the Guidance and ...

Patrick Witt, the new White House cryptocurrency advisor replacing Bo Hines, stated that he will urge lawmakers to conduct a comprehensive review of US cryptocurrency policy and push regulators to implement the new stablecoin law. The top three priorities currently are the Senate's market structure legislation, rapid implementation of the stablecoin law (the Guidance and Establishment of a National Innovation in Stablecoin Act, GENIUS), and establishing a US Federal Cryptocurrency Reserve. (CoinDesk)

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