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The White House is taking a hard line in negotiations over cryptocurrency legislation. Patrick Witte, head of the Presidential Council on Digital Assets, clearly stated in an interview with CoinDesk: the administration will not support any bill that targets President Trump or his family. "We have clearly outlined red lines. There will be no personal persecution," Witte said.
This is not just a political maneuver. It is part of a broader strategy to strengthen the US's position as a technological leader. Witte emphasized that it's not only about cryptocurrencies — the administration supports innovation in general: artificial intelligence, digital infrastructure, fintech. The cryptocurrency market, including over-the-counter trading and decentralized platforms, is viewed as part of this ecosystem. "This is an administration focused on innovation. We need a regulatory framework that provides clarity but does not stifle development," he explained.
The most sensitive point in the negotiations is the issue of ethics. Early versions of the bill proposed nearly a complete ban on family members of officials working in the crypto industry, even in legitimate roles. Witte called this "absolutely outrageous." According to him, such an approach does not address the real issues of the market but simply punishes people for family connections.
The administration is open to reasonable restrictions but strongly opposes outright bans for individuals. Witte expressed cautious optimism: some Democrats are beginning to adopt a more pragmatic stance, focusing on creating an effective regulatory system rather than punishments. The goal is for digital assets to become a regulated part of the financial system. If this doesn’t happen now, innovations will simply go abroad. Witte said this is a critical moment: either the US shapes a new financial architecture, or it will be done without them.