Patrick Witt, Trump's digital assets adviser, stated that the White House will reject any crypto market structure bill that targets President Trump personally, particularly regarding ethics provisions linked to his digital assets. Democrats want to include measures that prevent top government officials from profiting in the crypto space, which has stalled the negotiations. Witt labeled earlier proposals, especially from Senator Adam Schiff, as "completely outrageous" and emphasized that the administration has clear "red lines." He expressed hope that Democrats would present more reasonable proposals that could lead to a workable agreement. In a recent meeting with crypto policy experts and U.S. banking representatives, frustration emerged among industry insiders over the lack of progress on stablecoin yield disagreements. Witt noted that while the meeting revealed some areas of agreement, the White House is trying to balance the concerns of bankers with the need for stablecoin products. The challenge lies with Senate Democrats, who are pushing for stricter regulations, including limiting government officials' spouses from industry involvement. If a compromise isn’t reached soon, the bill may only advance with Republican support, as substantial Democratic backing is needed for passage. The urgency of the situation is underscored by the upcoming midterm elections, which could complicate the legislative process further. Witt mentioned that the White House has asked industry insiders to prepare compromise proposals by the end of February. When pressed about the amount of crypto held by the U.S. government, Witt declined to provide details, indicating a level of secrecy surrounding federal crypto holdings.