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Trump's White House won't tolerate attacks on the president in crypto bill, adviser says

CoinDesk
The White House adviser stated they will reject crypto bill provisions directly targeting President Trump's digital asset business ties.

Summary

Patrick Witt, the digital assets adviser for President Donald Trump's administration, informed CoinDesk that negotiators will not accept anti-corruption provisions in the Senate's crypto market structure bill that directly target the president or his family regarding digital assets business ties. Witt called earlier proposals, particularly those from Senator Adam Schiff, "completely outrageous" and established "red lines" against such individual targeting. While hopeful for more reasonable Democratic proposals, he stressed that the legislation is fundamentally about market structure, not ethics. Witt also mentioned ongoing difficulties in brokering a deal between bankers concerned about deposit businesses and the need to clear a path for stablecoin products, emphasizing his goal is to get a bill to the president's desk. However, Senate Democrats continue to push for limits on senior government officials, and compromise will be essential for the bill to pass the Senate, which generally requires 60 votes.

(Source:CoinDesk)