PANews reported on January 21 that, according to The Block, Patrick Witt, executive director of the President's Council of Advisors on Digital Assets, stated thatPANews reported on January 21 that, according to The Block, Patrick Witt, executive director of the President's Council of Advisors on Digital Assets, stated that
Trump's digital asset advisor calls for the swift passage of the crypto market structure bill.
PANews reported on January 21 that, according to The Block, Patrick Witt, executive director of the President's Council of Advisors on Digital Assets, stated that the market structure bill should be passed as soon as possible, given the current crypto-friendly atmosphere under the Trump administration. He pointed out that although the draft bill remains controversial, including restrictions on DeFi privacy, stablecoin yields, and tokenized securities, "compromise is necessary." Coinbase had previously withdrawn its support for the draft bill due to its wording. Witt emphasized that it's better to seize the current legislative opportunity than wait for a potentially harsher Democratic version in the future. The Senate Agriculture Committee will consider the bill on January 27.
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