Patrick Witt Says 'Let's Not Let Perfect Be the Enemy of Good' in Stablecoin Standoff
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 3 February 2026
⏱️ 13 minutes
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| 0:00.0 | We do view this bill as kind of the crown jewel, the final piece here that we need. |
| 0:05.6 | Depending on who you're talking to in industry, kind of where they're seated in the overall |
| 0:11.0 | ecosystem, many would say that this bill is as important or perhaps more important, certainly |
| 0:15.0 | for their business models than genius. |
| 0:16.8 | So we've got a job to do here. |
| 0:19.2 | I'm committed to getting it done. |
| 0:21.2 | I'm encouraged by what I heard yesterday from the people around the table that they're also committed to getting this done. |
| 0:32.9 | We are now joined at the desk by the executive director of the president's Council of Advisors for Digital Assets at the White House. |
| 0:40.3 | Patrick Witt. Hey Patrick. |
| 0:42.3 | Hey, how you doing? |
| 0:43.3 | Yeah, we're doing good. How are you doing? You came off of a big meeting yesterday. |
| 0:46.3 | It was a big meeting, productive meeting, constructive. |
| 0:49.3 | Folks came forward, you know, aired their views. I think we exposed some new areas of agreement, |
| 0:55.5 | which was great, and really zeroed in on the areas of sharpest disagreement. And then from there, |
| 1:01.1 | we're kind of forming up teams to continue the discussions, get down to red lines and start |
| 1:05.7 | trading paper and hopefully see if we can solve this. Can you talk to us a little bit more about |
| 1:10.0 | where those areas of |
| 1:11.0 | agreement lay and where there is still disagreement? I think the main area of agreement is |
| 1:16.6 | folks understand they're not trying to deceive customers here. So disclosure, some of the |
| 1:20.6 | prohibited marketing practices, not being able to say that these are FDI insured, deposits, for example, |
| 1:26.3 | anything that would deceive someone |
| 1:27.6 | into thinking that these products are something that they're not. That's definitely an area of agreement. |
... |
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