On January 21, Patrick Witt, the executive director of the President’s Council of Advisors on Digital Assets, urged swift passage of the crypto market structure bill, leveraging the favorable crypto environment of the Trump administration.
The bill faces controversy regarding DeFi privacy and stablecoin yields. Despite Coinbase retracting support, Witt stresses the importance of compromise, highlighting the upcoming consideration by the Senate Agriculture Committee on January 27.
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