Patrick Witt, executive director of the White House Crypto Council, confirmed his departure on October 15 after nearly two years in the Trump administration. His exit removes a central figure from negotiations over the CLARITY Act at a time when the bill remains stalled in the Senate due to disagreements over stablecoin rewards, banking competition and potential conflicts of interest involving Trump’s cryptocurrency businesses. The House approved its version of the bill in 2025, but an initial Senate procedural vote failed in September. Meanwhile, the SEC and CFTC are advancing cryptocurrency regulatory frameworks using their existing statutory authority, reducing their immediate dependence on congressional action.
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