CoinDesk Podcast Network WH Advisor Patrick Witt Defends Stablecoin Yields: 'Consumers Win When There’s Choice'
Jan 27, 2026
Patrick Witt, Executive Director of the President's Council of Advisors for Digital Assets, advises on U.S. crypto policy and regulatory engagement. He discusses Davos as a crypto turning point. He covers stablecoins, tokenization and 24/7 markets. He talks about U.S. leadership in innovation, the TradFi versus crypto market-structure fight, and the White House view on interest-bearing stablecoins.
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Davos Marked A Crypto Turning Point
- Davos marked a turning point where crypto began to be normalized as part of future financial infrastructure.
- Patrick Witt says the administration is pushing regulatory work and market-structure laws to integrate crypto into finance.
Stablecoins As The Gateway Product
- Stablecoins act as the 'gateway' product that business leaders can easily grasp.
- Witt expects incumbents to shift from resisting to offering stablecoin-related products as understanding grows.
U.S. Wants To Be The Innovation Hub
- The U.S. aims to remain the global innovation center by keeping regulators from stifling development.
- Witt argues clear, facilitative policy will attract builders and benefit Americans and the global community.