Officials of the White House Digital Asset Advisory Committee: We are accelerating US digital asset legislation and building multi-departmental colla

On September 23, the deputy director of the US President's Digital Asset Advisory Committee, Harry Jung, and the executive director, Patrick Witt, shared the core goals of the committee's work at the KBW 2025 Summit in South Korea: to accelerate the passage of the "Digital Assets Act", to build strategic bitcoin reserves, to provide clear guidance on cryptocurrency taxation through the IRS and Treasury Department, and to protect the rights of technology developers.

The two stated that in the White House, they are collaborating in a "whole-of-government" approach, combining the efforts of multiple departments such as the CFTC, Commerce Department, and Treasury Department to advance cryptocurrency policies. In response to the risk of policy reversals due to changes in government, they stated that they are "laying a solid foundation" through existing legislation and regulatory frameworks to ensure that future governments find it difficult to overturn the current policy direction. They believe that as long as the cryptocurrency industry can thrive and deeply root itself in the United States, the US cryptocurrency strategy will be irreversible.