New White House Cryptocurrency Advisor: Establishing a U.S. Federal Cryptocurrency Reserve Is One of the Top Priorities
Jinse Finance reported that Patrick Witt, the new White House cryptocurrency advisor succeeding Bo Hines, stated that he will urge lawmakers to complete a comprehensive review of U.S. cryptocurrency policy and promote regulatory agencies to implement new stablecoin legislation. Currently, the three main priorities are the Senate's market structure legislative efforts, the rapid implementation of stablecoin legislation (namely the "Guiding and Empowering the Nation to Innovate United States Stablecoins Act" (GENIUS)), and the establishment of a U.S. federal cryptocurrency reserve.
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