TechFlow, on September 9, according to CoinDesk, Patrick Witt, the newly appointed executive director of former U.S. President Trump's Digital Assets Advisory Committee, said his three top priorities are advancing the Senate market structure bill, implementing the stablecoin bill, and establishing a U.S. Bitcoin reserve.
After succeeding Bo Hines (who has now joined Tether), Witt said the Senate market structure bill has seen "significant improvements," and the White House is actively pushing for bipartisan support to reach the 60-vote threshold for passage. He emphasized that the bill would address about 80% of the regulatory needs in the crypto market and would have a broader impact than the already-passed stablecoin bill (GENIUS Act).
Regarding the Bitcoin strategic reserve plan, Witt called it a "top priority for both individuals and the government," but noted that certain legal issues still need to be resolved and congressional legislative support must be secured. The White House is also considering "innovative ways" to expand the reserve beyond just seized government-held Bitcoin.
