White House advisor Patrick Witt: Davos 2026 is a turning point for global cryptocurrency normalization

White House cryptocurrency advisor Patrick Witt stated that stablecoins are the "gateway drug" to global finance, and Washington is accelerating efforts to clarify regulations. In an interview with CoinDesk, he said that the recent Davos World Economic Forum became a stage for the Trump administration to demonstrate its commitment to normalizing digital assets as a permanent asset class. President Trump reiterated his commitment at the forum to make the United States the "global cryptocurrency capital." Witt revealed that the Senate Agriculture Committee plans to review parts of the market structure bill at 10:30 (UTC+8) on January 29 (Thursday), while the Senate Banking Committee has postponed its review due to stablecoin incentives and ethical issues. Witt is confident that the legislation will ultimately reach consensus and be submitted to the Senate, emphasizing that stablecoins are driving the integration of traditional finance and crypto technology. U.S. regulators plan to lead the global regulatory dialogue while also focusing on national security issues related to digital assets overseas.