White House crypto advisor: Crypto bill will not accept provisions targeting Trump personally.

Patrick Witt, executive director of the Presidential Advisory Council on Digital Assets, stated that the White House will not accept any provisions in the crypto market structure legislation that directly target President Trump or his family's digital asset businesses; such content has been clearly marked as a "red line." Witt said that anti-corruption or ethical provisions previously proposed by some Democratic lawmakers are "completely unacceptable," and emphasized that the core of the bill is crypto market regulation, not ethical review. He expressed hope that Democrats would propose a more "reasonable and negotiable" version to advance the legislation. Witt also pointed out that the White House's current priority is to facilitate a bill that can be submitted to the president for signature and to seek a compromise between the banking and crypto industries regarding stablecoin yields. However, he also admitted that Democratic demands to restrict the involvement of senior government officials and their families in the crypto industry remain one of the main obstacles to legislative progress. (CoinDesk)