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WH Advisor Patrick Witt: Shutdown's "Strange” Silver Lining For Crypto Bill Talks

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4.8689 Ratings

🗓️ 7 November 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

What's next for Market Structure with Executive Director of the President's Council of Advisors for Digital Assets at the White House, Patrick Witt. White House Executive Director of the President’s Council of Advisors for Digital Assets, Patrick Witt shares his confidence with CoinDesk’s Jennifer Sanasie and Andy Baehr at Ripple Swell, that the market structure bill will be finalized by 2026. He emphasizes that President Trump wants the legislation "on his desk as soon as possible" and explains why Congress is working to pass the bill now—not in a crisis—to ensure clear, rational regulation that brings innovation back to the U.S. - This episode was hosted by Jennifer Sanasie and Andy Baehr.

Transcript

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0:00.0

The president wants that piece of legislation on his desk as soon as possible.

0:03.6

And so there's still some work to be done.

0:05.7

But over the past couple weeks in particular, we've seen really constructive engagement between Republicans, Democrats.

0:17.1

Hello, Patrick. Welcome to the show.

0:19.0

Good morning. Thanks for having me.

0:20.3

Thanks for being here. We've got to talk about what you said on stage this morning, market structure. A lot of folks are thinking it's not going to pass by the end of the year. I didn't get to listen to your talk, but I heard that you said it will. Talk to us about what needs to happen to get this across the line before 2026. Well, we're keeping the pressure on. You know, the president wants that piece of legislation on his desk as soon as possible.

0:41.0

And so there's, you know, still some work to be done.

0:43.1

But over the past couple weeks in particular, we've seen really constructive engagement between Republicans, Democrats.

0:48.9

I personally spend most of my time on the hill these days, meeting with members on both sides of the aisle.

0:54.9

And very encouraged recently by some of the progress, some of the compromises that are being reached.

1:00.0

And they're just kind of going through and ticking these off one by one.

1:03.5

And eventually we're going to get to the place where, okay, we've got everything pretty much

1:07.3

resolved here.

1:08.0

And I am confident that we'll be able to get a bipartisan product out of the Senate here in short order.

1:12.6

Folks at home are wondering how the government shutdown is impacting the timeline.

1:17.6

I know the conversations are still happening.

1:19.6

Folks in the industry are engaging with both sides of the aisle.

1:22.6

But does the government really need to reopen and maybe reprioritize for this to happen?

1:26.6

You know, I think there might be some issues where, you know, the government will need to reopen and maybe reprioritize for this to happen? You know, I think there might be some issues where, you know, the government will need to reopen,

1:31.5

you know, before we can get this done. But overall, you know, the actual conversations that we're

1:36.6

having on the substance of the text in a strange way, you know, some of the meetings that

1:41.8

senators would normally be having or other issue areas that might pop up have kind of fallen by the wayside.

...

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