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White House digital assets chief Patrick Witt steps down from council

Patrick Witt has left his role as White House executive director of digital assets policy, leaving the position vacant as debates continue over market stability and legislation.

FTMQ Crypto, written by our newsroom0 views

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Picture: CoinDesk Top Stories
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Patrick Witt has stepped down from his role at the White House to return to the private sector, CoinDesk reported. Witt served as executive director of the President's Council of Advisors for Digital Assets under President Donald Trump. CoinDesk and Bloomingbit both report that a successor has not yet been named for the position. [1][2][4]

The vacancy comes as federal officials continue rulemaking efforts regarding digital asset policy ahead of next month's midterm elections, according to CoinDesk. Bloomingbit noted that the empty policy role complicates ongoing debates surrounding the CLARITY Act, while Coinfomania reported that a lack of White House action on market stability has drawn public debate. [1][2][3][4]

The White House, located in Washington, D.C., functions as the principal workplace and official residence of the U.S. president and represents the executive branch of the federal government [5]. [5]

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In short

  • Patrick Witt resigned as Executive Director of the President's Council of Advisors for Digital Assets.
  • The White House has not publicly named a successor for the crypto policy role.
  • Patrick Witt is returning to the private sector after leaving government service.

Sources

Every paragraph above points to the numbered items it rests on. Read the originals here.

  1. [1]The White House's crypto chief departs: State of CryptoCoinDesk Top Stories, 16d ago (the report this story comes from)
  2. [2]White House Crypto Policy Role Remains Vacant With No Successor Named, Complicating CLARITY Act Debatebloomingbit, 16d ago
  3. [3]Lack of White House Action on Market Stability Sparks DebateCoinfomania, 16d ago
  4. [4]The White House's crypto chief departs: State of CryptoCoinDesk, 16d ago

Background

  1. [5]White House on Wikipedia
  2. [6]U.S. state on Wikipedia
  3. [7]Robinhood Markets on Wikipedia
  4. [8]White House on Grokipedia

Our newsroom writes these reports with the help of software, from the 8 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.

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