Patrick Witt departed the White House on October 14 after his temporary assignment from the Defense Department ended, leaving the executive director position of the Presidential Council for Digital Assets vacant with no successor named. He was the third member of Trump’s crypto team to leave in seven months, following David Sacks in March and Harry Jung in July. The Clarity Act, legislation intended to regulate the entire US crypto market, failed in the Senate on September 15 by a 49-50 vote, well short of the required 60 votes. Two major sticking points remain: stablecoin remuneration and ethical concerns surrounding the Trump family’s crypto activities. With no representation on the presidential council and no designated crypto official, the legislation’s future before the November 3 midterm elections remains highly uncertain.
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