New White House Crypto Adviser Prioritizes Market Structure Bill

Patrick Witt, the newly appointed crypto adviser to the White House, has identified the Senate's market structure legislation as his top priority. Taking over from his predecessor Bo Hines, Witt is tasked with advancing sweeping U.S. crypto policies and ensuring the implementation of the recently passed stablecoin law. Working under David Sacks, the administration's crypto czar, Witt aims to maintain momentum on legislative and interagency initiatives outlined in the administration's strategy report.

"There's no drop off here," Witt emphasized, underscoring the continuity of efforts despite the leadership transition. His focus remains on accelerating regulatory clarity and fostering collaboration across agencies to address the evolving crypto landscape. Witt is set to speak at CoinDesk's Policy and Regulation event in Washington, D.C., where he will likely elaborate on his three-pronged agenda: market structure legislation, stablecoin implementation, and broader digital asset policy coordination.