Newly appointed White House cryptocurrency advisor: Establishing a federal cryptocurrency reserve is one of the priority tasks

ChainCatcher news, the new White House cryptocurrency advisor Patrick Witt stated that he will urge lawmakers to complete a comprehensive review of U.S. cryptocurrency policy and push regulators to implement new stablecoin legislation. The current three priorities are the Senate's market structure legislative work, the swift implementation of stablecoin legislation (i.e., the "Guidance and Establishment of the U.S. Stablecoin National Innovation Act" (GENIUS)), and the establishment of a U.S. federal cryptocurrency reserve.