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

ZkProver · 2026-02-04T00:38:21+00:00

White House Digital Asset Advisor Patrick Witt stated that he would not accept legislative provisions targeting Trump's and his family's digital assets, emphasizing that regulation of the crypto market should be at the core. He hopes that the Democratic Party can propose more reasonable bills to advance legislation; however, restrictions on senior officials and their families' involvement in the crypto industry remain a major obstacle.

ZkProver

2026-02-04 00:38:21

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ChainCatcher News, U.S. President’s Digital Asset Advisor Committee Executive Director Patrick Witt 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 explicitly marked as a “red line.”

Witt said that some Democratic lawmakers’ previous proposals for anti-corruption or ethical clauses are “completely unacceptable,” and emphasized that the core of the bill is cryptocurrency market regulation, not ethical review. He expressed hope that the Democratic side 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 submitted for the President’s signature and to seek a compromise amid disagreements between the banking industry and the crypto sector 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.

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