White House's new Crypto Assets advisor: Establishing a federal Crypto Assets reserve will be one of the top priorities.

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On September 9, according to CoinDesk, President Trump's new cryptocurrency advisor Patrick Witt stated that he is taking over the baton from his predecessor Bo Hines, urging lawmakers to develop a comprehensive U.S. cryptocurrency monetary policy while pushing regulators to implement new stablecoin legislation. Witt stated: "There will be no gaps here." He was just promoted to this position last month, just two weeks after the U.S. government released a broad strategic report on U.S. cryptocurrency policy. "We will fully commit to legislative efforts and cross-agency actions recommended in the report, maintaining a high level of momentum." He stated that his three main priorities are: advancing Senate market structure legislation; facilitating the swift implementation of the stablecoin legislation named Guidance and Establishing a National Innovation Act for U.S. Stablecoins; and establishing a federal cryptocurrency reserve.

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