The White House has set clear boundaries on a landmark cryptocurrency market structure bill, stating it will not support legislation that singles out President Donald Trump or his family members. According to Patrick Witt, the executive director of the President’s Council for Advisors for Digital Assets, the administration has communicated these "red lines" to lawmakers as negotiations continue over what could become the most significant digital-asset legislation to date.
In a parallel development, President Trump publicly reaffirmed his support for cryptocurrencies during a White House meeting with industry executives. "I’m a big crypto person," Trump stated, framing the issue as a matter of national technological leadership. "The reason I believe in crypto is if we don’t do it, China will do it." The meeting was part of an effort to revive stalled talks on the proposed "CLARITY Act," which aims to establish comprehensive rules for the crypto market.
The administration is framing the crypto legislation as part of a broader push for U.S. tech leadership. Officials have warned that a failure to act risks pushing digital finance innovation offshore. The discussions also touched on stablecoins, with Coinbase executives reportedly rejecting bank claims that such assets threaten traditional deposits and financial stability.
