Patrick Witt, the president's digital assets adviser, told CoinDesk that anti-corruption provisions targeting Trump would not be acceptable.

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Industry insiders met with President Donald Trump's advisers, who asked that compromises be found this month for the Senate's crypto bill.

The former Federal Reserve governor has invested in crypto firms, criticized bitcoin’s role as money and argued for a U.S. digital dollar.

The president confirmed his pick on Friday to replace the incumbent Jerome Powell when his term ends in May.