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Despite speculation that the U.S. administration might step back from supporting crypto legislation, the White House is once again trying to revive negotiations on a key bill that would define the regulatory framework for digital assets in the United States. Behind the scenes, a tense struggle is unfolding between policymakers, regulators, and the crypto industry itself.
Sources close to the administration suggest that frustration over repeated delays had grown so strong that a complete withdrawal of support was even considered. Nevertheless, the White House ultimately decided to maintain pressure and push for a deal.

White House Adviser: Now Is the Time to Act, Not to Wait
The Executive Director of the Presidential Council of Advisers for Digital Assets, Patrick Witt, openly called on both the crypto industry and lawmakers to accept compromises. According to him, the United States is currently in a uniquely favorable position: the president is supportive of crypto, the administration holds influence in Congress, and key regulatory agencies are open to dialogue.
Witt warned that missing this window of opportunity could have serious consequences. If regulation were only introduced after another major market shock or collapse, it would likely be rushed through under fear and political pressure—similar to what happened after the 2008 financial crisis—and could end up being far more restrictive for the industry.

Coinbase Comes Under Fire
Tensions escalated further after Coinbase, the largest U.S.-based crypto exchange, withdrew its support for the proposed legislation. Its CEO, Brian Armstrong, stated that “no bill is better than a bad bill,” a comment that triggered sharp criticism from within the White House.
Witt challenged this stance, arguing that such statements are only possible thanks to the current administration’s pro-crypto attitude. He also emphasized that a crypto market structure bill will eventually be passed regardless—arguing that the real question is not “if,” but “when.”

Why the Legislation Matters So Much
Congress is currently debating how regulatory authority over crypto assets should be divided between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). However, unresolved issues surrounding stablecoins, yield-bearing products, and decentralized protocols have sparked strong resistance from parts of the industry as well as from the traditional banking sector.
Due to this pushback, several key legislative steps have been delayed. At the same time, banks have intensified lobbying efforts, arguing that crypto firms should not be allowed to offer stablecoin-based yield products that could compete with traditional financial institutions.

Davos, Banks, and Delayed Decisions
The situation is further complicated by the fact that part of the discussion has shifted to the international stage. Representatives from the crypto sector and major banks are expected to meet on the sidelines of the World Economic Forum in Davos, where additional lobbying efforts are likely to shape the final form of the legislation.
In response to mounting criticism, the U.S. Senate has postponed key hearings until late January, underscoring how difficult it has become to reach consensus.

Compromise Now—or Harsher Regulation Later
According to the White House, the current moment is pivotal. Either a compromise-based crypto law is passed now, while political conditions remain relatively favorable, or regulation will be delayed and eventually imposed under far less forgiving circumstances.
As Patrick Witt made clear, an industry worth several trillion dollars cannot continue operating indefinitely without a comprehensive regulatory framework. The question is no longer whether regulation will arrive—but under what terms, and who will have a seat at the table when it does.

#whitehouse , #USPolitics , #bitcoin , #DigitalAssets , #USPolitics

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Speculation over whether Donald Trump will complete his final term in office is gaining momentum once again. On prediction markets such as Polymarket and Kalshi, the probability that the U.S. president leaves the White House before 2027 has climbed above 16%—and continues to rise.

Greenland Controversy Sparks a New Political Storm
The latest wave of criticism was triggered by Trump’s repeated remarks about Greenland, a semi-autonomous territory within the Kingdom of Denmark and a strategically important region rich in natural resources. Trump has suggested that the United States “will get Greenland one way or another,” refusing to rule out the use of military force. These statements have provoked sharp reactions both in Europe and among Democrats in the United States.
Liberal Senator Ed Markey of Massachusetts has therefore called on Vice President J. D. Vance and members of the cabinet to consider invoking the 25th Amendment to the U.S. Constitution—a provision that allows a president to be declared unfit to carry out the duties of office.

Letters, the Nobel Prize, and Escalating Rhetoric
According to reporting by The New York Times, Trump allegedly told European officials in private correspondence that he had been unfairly denied the Nobel Peace Prize, despite what he described as his “noble efforts” regarding Greenland. In a message to Norwegian Prime Minister Jonas Gahr Støre, Trump reportedly suggested that since the prize was not awarded to him, he no longer feels obligated to “think about peace.”
On his Truth Social platform, Trump also accused Denmark of failing for decades to counter Russian influence in Greenland, claiming that NATO has been warning Copenhagen about this threat for more than 20 years.

Health Concerns and Calls for Congressional Review
The debate intensified further due to questions surrounding the president’s health. Cardiologist Jonathan Reiner—who previously treated former Vice President Dick Cheney and now serves as a medical analyst for CNN—called for a formal congressional investigation into Trump’s fitness for office. Reiner challenged Trump’s statements to The Wall Street Journal about taking aspirin “to thin the blood,” describing the claim as medically inaccurate.
Criticism escalated when Arizona Representative Yassamin Ansari declared that the U.S. president is severely mentally unfit and poses a danger to Americans, urging immediate use of the 25th Amendment.

Impeachment Pressure vs. Congressional Reality
Despite growing pressure from progressive Democrats, the prospects for impeachment remain limited. Republicans currently hold a majority in Congress, making both impeachment and activation of the 25th Amendment highly unlikely without bipartisan support.
Former Democratic House campaign chair Cheri Bustos told ABC News that repeated impeachment efforts risk distracting lawmakers from voters’ everyday concerns. Even if impeachment articles passed the House, she argued, the Senate would almost certainly block removal.
The House of Representatives has already rejected two impeachment attempts led by Texas Congressman Al Green. In June, 128 Democrats joined Republicans to block another effort based on U.S. strikes against Iranian nuclear facilities conducted without congressional approval.

An Uncertain Road Ahead
Debate over Trump’s fitness for office, foreign policy decisions, and health concerns remains unresolved. While prediction markets suggest growing doubts, the political reality in Washington still favors Trump completing his term. Whether future actions—domestic or international—will shift that balance remains an open question.

#DonaldTrump , #USPolitics , #USGovernment , #whitehouse , #worldnews

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The White House is urging U.S. lawmakers to move quickly on legislation to reform the crypto market structure as political timelines tighten and digital asset markets face renewed volatility.
With the Senate struggling to secure bipartisan support and more than $1 billion in recent crypto liquidations, officials say the window for passing a workable regulatory framework may be closing.
Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, has warned that expecting the crypto industry to operate without clear rules is unrealistic. He argues that some form of legislation is “inevitable” and that delays could leave the sector exposed to harsher policies in the future.
$BTC
White House Presses for Action on Crypto Rules
The proposed Senate bill would define how the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) oversee crypto markets, including stablecoins and decentralized finance protocols. However, disagreements over key provisions have slowed progress.
Both the Senate Banking and Agriculture Committees recently postponed markups as lawmakers worked to resolve disputes and gather enough support to advance the bill. Witt has been blunt in his message to the industry: accept compromise now or risk facing a less favorable outcome later.
He criticized Coinbase CEO Brian Armstrong for withdrawing support for the current version of the bill, after Armstrong said the company would “rather have no bill than a bad bill.”
Midterm Elections Add Pressure
The push for speed is also tied to the November U.S. midterm elections, which could reshape Congress. All House seats and 35 Senate seats are up for grabs, and polling and prediction markets suggest Democrats have a strong chance of flipping the House.
A divided Congress would likely slow or stall crypto legislation altogether. Witt has cautioned that the political alignment needed to pass a market structure bill may not be in place after the elections, making the coming months critical for any deal.
$1B Liquidations Highlight Market Stress
The policy debate comes as markets reel from a sharp deleveraging event. Today, more than 182,000 traders were liquidated in a single day, with total losses of over $1.08 billion. Most of the damage came from long positions in Bitcoin and Ethereum, as falling prices triggered cascading margin calls across major exchanges.
Bitcoin alone saw over $427 million in long liquidations, while Ethereum accounted for roughly $374 million. Technical indicators show many altcoins trading with RSI levels below 50, suggesting continued selling pressure.
Rising Japanese bond yields and renewed global risk-off sentiment have also tightened liquidity, prompting investors to shift away from volatile assets like crypto. Although Bitcoin later stabilized near $90,000, analysts say the recent rebound looks more like a pause after forced selling than a clear return to bullish momentum.

#TrumpTariffsOnEurope #whitehouse

A senior White House adviser on digital assets is urging Congress to move quickly on approving comprehensive crypto market reform legislation, warning that the current opportunity may not last. According to him, delaying action could ultimately lead to much harsher regulations in the future.
Patrick Witt, Executive Director of the Presidential Council of Advisers for Digital Assets, shared his views publicly on X as lawmakers continue debating the CLARITY Act, a bill aimed at establishing clearer rules for cryptocurrencies across the United States.

“The Question Is No Longer If, but When”
Witt says the debate in Congress has shifted away from whether a comprehensive crypto market structure bill will pass, and toward when it will finally be approved. Without strong federal regulation, a multi-trillion-dollar industry remains stuck in regulatory uncertainty.
As digital assets become increasingly intertwined with the banking system, capital markets, and institutional investment, the risks of regulatory inaction continue to grow. According to Witt, waiting for the “perfect moment” could prove counterproductive.
He notes that major financial regulations are often passed after crises rather than during periods of stability — a pattern the U.S. should avoid repeating in the crypto sector.

Risk of Regulation Driven by Fear
Witt warned that if Congress fails to act now and a major event occurs — such as another market shock or crypto industry collapse — lawmakers would face immense pressure to respond quickly. That could result in punitive legislation similar to the Dodd-Frank Act, which was passed following the 2008 financial crisis.
Such laws, he argues, are often written under political urgency and fear, with limited debate. This could suppress innovation, harm U.S. competitiveness, and weaken the country’s position in the global digital asset economy.

A Rarely Favorable Political Environment
According to Witt, the current political landscape offers a rare alignment: a crypto-friendly president, control of Congress, and regulatory agencies such as the SEC and CFTC that are perceived as more open to working with the industry.
This alignment creates an ideal environment for crafting balanced, effective, and long-term regulatory clarity. However, Witt cautions that waiting too long risks losing this window of opportunity, especially if political leadership changes.

Industry Concerns Slow Legislative Progress
Despite broad agreement on the need for regulation, progress on the bill has stalled in recent weeks due to disagreements over specific provisions rather than the bill’s core objective.
A major setback came when Coinbase, the largest U.S. crypto exchange and a previously strong supporter of the administration, withdrew its backing of the bill. Coinbase raised concerns that certain provisions could negatively impact tokenized equities, DeFi privacy, and how stablecoin issuers provide yield to users.
As a result, a planned Senate Banking Committee hearing was postponed, despite expectations of significant momentum.

Compromise Is Essential, Witt Says
Witt acknowledged the industry’s concerns but emphasized that compromise is necessary to move forward. Passing the bill will require at least 60 votes in the Senate, making bipartisan cooperation unavoidable.
He stressed that lawmakers must avoid letting the pursuit of a perfect solution block progress altogether — and instead act while the political conditions remain favorable.

#whitehouse , #CryptoRegulation , #DigitalAssets , #USPolitics , #CryptoMarket

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“