Patrick Witt, the White House’s digital assets adviser, described Davos 2026 as a turning point for the global normalization of crypto. He said the event underscored the administration’s intention to position the United States as a leading crypto hub, while fostering a policy environment that supports both traditional finance and new entrants. Witt emphasized that the government views consumers as beneficiaries of a more competitive and innovative financial landscape.
Witt noted that stablecoins function as a gateway to the mainstream financial system, and that Washington is moving quickly to provide regulatory clarity for these assets. The goal, he said, is to enable safe innovation while ensuring financial stability and consumer protection. This approach reflects a broader effort to align crypto with existing financial safeguards and supervision.
On the legislative front, the administration anticipates the market-structure legislation to advance as committees prepare to review it in late January. While some Senate Banking Committee members want to refine issues such as stablecoin compensation and ethics, Witt remained optimistic that the measures will be revised and sent to the Senate for passage. Regulators and policymakers aim to steer crypto toward integration with traditional finance in a way that preserves stability rather than destabilizing the system.
Witt stressed that the administration believes the convergence of crypto with traditional finance is largely inevitable, but should occur in a manner that does not destabilize the broader financial system. International developments, including actions related to foreign asset management on national security grounds, are also being monitored as part of a coordinated global framework. Ultimately, he suggested that additional digital asset legislation could pass before the midterms, reinforcing the United States’ position as a global crypto capital.
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