The White House has no publicly named crypto head after Patrick Witt said he is leaving government service. A successor has not been named, and the next year brings a fresh push on crypto legislation and ongoing agency rulemaking.
Patrick Witt, the White House's executive director of the President's Council of Advisors for Digital Assets, is leaving government service and returning to the private sector. Witt, the most recent crypto adviser to President Donald Trump, said he was out last week, and no successor has been named.
Why the vacancy matters
Most of Washington's attention is on next month's midterm election. However, the executive branch is still engaging in rulemaking and other digital asset policymaking, CoinDesk reports. Next year, after a new Congress is sworn in, any crypto-related legislating will likely still need a White House liaison.
A White House official told Witt that crypto and the Digital Asset Market Clarity Act would continue to be a focus for Trump.
Witt follows Jung and Hines out before 2027 legislation and rulemaking
Witt's exit follows the earlier departures of Harry Jung and Bo Hines, so the question becomes what that focus looks like. In 2027, the White House will need to handle a fresh attempt at crypto legislation, which will likely include tax legislation before market structure reform.
It may also face a potentially hostile chamber of Congress if Democrats flip the House of Representatives. Meanwhile, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Office of the Comptroller of the Currency, the Treasury Department and other agencies continue their rulemaking efforts.
Source: CoinDesk
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