According to BlockBeats, President Trump’s new cryptocurrency advisor Patrick Witt stated that he is taking over the baton from former advisor Bo Hines, urging lawmakers to formulate a comprehensive U.S. cryptocurrency policy while pushing regulators to implement new stablecoin legislation.
Witt stated, "There will be no gaps here." He just assumed this position last month, just two weeks after the U.S. government released a broad strategic report on U.S. cryptocurrency policy. "We will do our best at the legislative level and in the cross-agency actions recommended in the report to maintain high intensity progress."
He stated that his three top priorities are: advancing Senate market structure legislation; accelerating the stablecoin bill known as the Guidance and Establishment of the U.S. Stablecoin National Innovation Act; and establishing a federal cryptocurrency reserve.
