Patrick Witt, the new cryptocurrency advisor at the White House, made his first statement outlining the priorities for the United States in the cryptocurrency space.
Bitcoin Accumulation Priorities
Witt emphasized that the accumulation of Bitcoin by the U.S. government is one of the key tasks. He stated that this matter should become a top priority for both the current and future administrations.
Legislative Initiatives in Cryptocurrency
Witt highlighted three significant initiatives ahead: the passage of the Senate Digital Asset Market Structure Act (CLARITY), as well as the implementation of the GENIUS Act, which includes stablecoin regulations.
Opportunities for Increasing Reserves
Additionally, Witt mentioned that he is working on legal issues surrounding Bitcoin accumulation and is seeking creative ways to increase reserves, although he did not elaborate on how additional purchases could be made.
Patrick Witt's position as the cryptocurrency advisor highlights the U.S. government's active efforts to formulate a clear strategy regarding Bitcoin and other digital assets.
