Trump Digital Assets Advisor Calls for Swift Passage of Cryptocurrency Market Structure Bill

According to The Block, Patrick Witt, the Executive Director of the U.S. Presidential Advisory Committee on Digital Assets, stated that the market structure bill should be pushed through as soon as possible under the current crypto-friendly atmosphere of the Trump administration. He pointed out that although the draft still has controversies, including restrictions on DeFi privacy, stablecoin yields, and tokenized securities, "compromise is necessary."

Previously, Coinbase had withdrawn its support for the bill draft due to related wording. Witt emphasized that rather than waiting for a potentially harsher Democratic version in the future, it is better to seize the current legislative opportunity. The Senate Agriculture Committee will review the bill on January 27.