Trump’s crypto bill loses its White House negotiator as Patrick Witt exits
Patrick Witt, executive director of the White House Crypto Council, confirmed he is leaving for an undisclosed private-sector role, with no replacement named. His departure removes a key negotiator as the CLARITY Act remains stalled in the Senate after a procedural vote failed amid disputes over stablecoin rewards, banking competition and safeguards related to President Trump’s crypto interests. The House passed its version in 2025, but the bill’s prospects are uncertain ahead of the midterm elections. The SEC and CFTC are advancing crypto rules under existing authority, potentially taking a larger role in shaping policy, though agency action cannot provide the durability of legislation. Witt previously helped coordinate negotiations among lawmakers, regulators and industry representatives.
