Patrick Witt, who was appointed as the White House cryptocurrency advisor after Bo Hines resigned from his position to join Tether, made new statements.
Speaking at the South Korea Blockchain Week 2025 conference, the White House advisor stated that the strategic Bitcoin (BTC) reserve and the market structure bill are priority targets for the crypto committee.
Witt stated that work is ongoing and that he expects the crypto market restructuring bill to be passed by the end of 2025. Witt stated that this bill aims to provide a secure and transparent environment for cryptocurrency transactions.
Witt added that the House is working with the House of Representatives and the Senate to get the bill to President Donald Trump’s desk as soon as possible.
“We are doing our best, we act as referees when there is an impasse, we intervene when necessary. We are trying to remove the obstacles in front of the bill.
“We respect the process. We are optimistic that the bill will reach Trump’s desk and be approved before the end of the year.”
The cryptocurrency market structure bill (MMBB) contains a set of rules intended to create a comprehensive regulatory framework for digital assets in the U.S. It also aims to consolidate several bills in different stages of development, such as the CLARITY Act and the GENIUS Act.
White House cryptocurrency advisor Patrick Witt recently outlined four key policy goals for the United States, including the creation of a strategic Bitcoin reserve.
“The committee’s goals include ‘accelerating the passage of digital asset legislation, establishing a strategic BTC reserve, clarifying cryptocurrency tax regulations, and protecting the rights of crypto technology developers,’” Witt said.
*This is not investment advice.