• White House draws red lines against crypto legislation targeting the president or family members.
• Administration frames crypto bill as part of broader push for US tech leadership.
• Officials warn that failure to act risks pushing digital finance innovation offshore.

The White House will not support a sweeping cryptocurrency market structure bill if it singles out President Donald Trump or his family members, according to a senior administration adviser involved in the negotiations.

Patrick Witt, the executive director of the President’s Council for Advisors for Digital Assets, said the administration has communicated clear boundaries to lawmakers as talks continue over what could become the most significant digital-asset legislation to date.

“We’ve made clear that there are red lines. We’re not going to allow the targeting of the president individually or h…

Read The Full Article White House Says Crypto Market Structure Bill Cannot Target Trump On Coin Edition.

• White House draws red lines against crypto legislation targeting the president or family members.
• Administration frames crypto bill as part of broader push for US tech leadership.
• Officials warn that failure to act risks pushing digital finance innovation offshore.

The White House will not support a sweeping cryptocurrency market structure bill if it singles out President Donald Trump or his family members, according to a senior administration adviser involved in the negotiations.

Patrick Witt, the executive director of the President’s Council for Advisors for Digital Assets, said the administration has communicated clear boundaries to lawmakers as talks continue over what could become the most significant digital-asset legislation to date.

“We’ve made clear that there are red lines. We’re not going to allow the targeting of the president individually or h…

Read The Full Article White House Says Crypto Market Structure Bill Cannot Target Trump On Coin Edition.