WH advisor Patrick Witt: Davos 2026 was ‘turning point’ for global crypto normalization

Summary

Patrick Witt, Executive Director of the President's Council of Advisors for Digital Assets, tells CoinDesk's Sam Ewen that Davos 2026 marked a turning point for crypto normalization. He says stablecoins are the gateway for traditional finance, discusses the market structure bill's path through Congress, and notes the White House is balancing stablecoin yield concerns with consumer choice. The interview also touches on a possible crypto tax package and unresolved speculation about digital assets in Venezuela.

• Patrick Witt calls Davos 2026 a turning point for global crypto normalization.
• Stablecoins are described as the gateway product for traditional finance adoption.
• The administration is pushing market structure legislation, with Senate committee markups in progress.
• The White House is not taking a firm position on interest-bearing stablecoins.
• Witt sees convergence between traditional finance and crypto over time.
• A crypto tax package may be considered after market structure legislation passes.
• Speculation about seized digital assets in Venezuela remains unresolved due to national security issues.