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

By: theblockbeats.news|2025/09/09 12:52:35

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.

Source: Insider Insider: Stablecoin Issuer Figure Plans to Increase IPO Offering Size and Price Range

Trump-owned Truth Social will allow users to convert rewards to CRO