Summary
- U.S. President Donald Trump was said to have reaffirmed at the Davos forum his stance that he will make the United States the 'capital of global digital assets.'
- The administration said it is pursuing a structure in which the incumbent financial sector and new digital-asset firms coexist and compete, promoting consumer benefits and technological innovation.
- Patrick Witt characterized stablecoins as a gateway into the global financial system, and said the U.S. government is working to provide regulatory clarity across digital assets.
Patrick Witt, executive director (head) of the White House Digital Assets (cryptocurrency) Advisory Committee, said that at the World Economic Forum (WEF) recently held in Davos, Switzerland, U.S. President Donald Trump reaffirmed his longstanding position that he will make the United States the "capital of global digital assets."
In an interview with CoinDesk on the 27th (local time), Witt said, "This year's Davos forum was a venue where the Trump administration publicly demonstrated its commitment to the global normalization of digital assets," adding, "President Trump once again made clear his pledge to position the United States at the center of the digital-asset industry."
He explained, "The administration is aiming for a structure in which the incumbent financial sector and new digital-asset firms coexist and compete," and that "such competition will benefit consumers and firmly establish the United States as a staunch supporter of technological innovation."
Witt also said of stablecoins, "Stablecoins serve as a gateway into the global financial system," adding that "the U.S. government is working to provide regulatory clarity across digital assets, including stablecoins."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
