Patrick Witt, recently appointed as President Donald Trump’s main adviser on digital assets, has outlined a focused agenda centered on advancing key bitcoin and digital asset policies.
Witt steps in with clear priorities
Witt, who succeeded Bo Hines following Hines’ move to Tether, told CoinDesk in his first interview that his top priorities include pushing forward the Senate’s market structure bill, implementing the new stablecoin law, and establishing a U.S. government bitcoin reserve.
He emphasized continuity and urgency, stating:
“We’re keeping the pedal to the metal with all of the different initiatives on the legislative front and the interagency actions recommended in the report.”
Market structure bill and bipartisan support
Witt highlighted recent progress on the Senate’s market structure bill, noting improvements and generally positive reception.
He underlined the importance of bipartisan cooperation, as the legislation must secure at least 60 votes to pass.
The House has already passed its version, but Witt expressed confidence in a unified outcome.
Establishing the bitcoin reserve
A major initiative from the Trump administration is the creation of a federal Bitcoin Strategic Reserve, which would initially rely on government-seized bitcoin.
Witt said this project is a top priority and that legal questions remain, but efforts are underway to secure legislative backing.
Stablecoin law implementation and experience
Witt’s background in policy and executive agencies is expected to aid implementation of the newly enacted stablecoin law.
He credited the GENIUS Act for addressing part of the digital asset landscape but stressed that the market structure bill will be crucial for the sector’s future.
The administration also continues to work on creative methods for accumulating additional bitcoin for the reserve.
