White House New Cryptocurrency Advisor: Establishing a Federal Cryptocurrency Reserve will be a top priority

BlockBeats News, September 9th. According to CoinDesk, President Trump's new cryptocurrency advisor, Patrick Witt, stated that he is taking over from his predecessor Bo Hines, urging legislators to develop a comprehensive U.S. cryptocurrency policy while pushing regulators to implement the new stablecoin legislation.

Witt stated: "There will be no gap here." He just took office last month, only two weeks after the U.S. government released a comprehensive strategic report on U.S. crypto policy. "We will spare no effort in legislative and cross-agency actions recommended in the report to maintain high-intensity progress."

He mentioned that his top three priorities are: advancing market structure legislation in the Senate; swiftly implementing the stablecoin legislation named the Stablecoin National Innovation Act to guide and establish U.S. stablecoin; and establishing a Federal Cryptocurrency Reserve.