Sunday, August 2, 2026

Creating liberating content

How XRPL validators quietly...

RippleX expects the next version of the XRP Ledger's core server software, xrpld...

New York asks judge...

New York has asked a Manhattan state court to permanently block prediction-market exchange...

Digital asset SPAC delays...

Digital Asset Acquisition Corp., the SPAC seeking to combine with the parent of...

Bitwise is liquidating six...

Friday, July 31, was the final trading day for six Bitwise option-income ETFs....

White House Crypto Chief Patrick Witt To Begin Military Leave As Clarity Act Nears Senate Deadline

Patrick Witt, the White House’s top crypto adviser, will begin a months-long leave of absence this month to report for training with the Georgia Army National Guard, according to a report from Crypto in America. 

His departure arrives as the Senate works to advance the Clarity Act before its August recess.

Witt, 37, is expected to conclude his White House work next Friday before reporting on July 27 to the Guard’s Judge Advocate General (JAG) program. Completion of the training qualifies him to serve as a JAG officer, a military attorney who advises on military justice and operational and administrative law. Witt and the White House did not respond to Crypto in America’s requests for comment.

Witt took over as executive director of the White House crypto council last August, after Bo Hines left the post for a role at stablecoin issuer Tether. He spent two years at the Defense Department before the appointment. 

Read More:  US State Department To Debut Freedom Program With Bitcoin

Sources told Crypto in America that Witt applied to the JAG program last spring and postponed an April start date to remain at the White House as Clarity Act talks stretched on. A second postponement was not an option.

Witt’s absence and the current Clarity Act status

The timing carries weight for the Clarity Act, the crypto industry’s market structure bill, which would divide oversight of digital assets between the SEC and the CFTC. The measure cleared the House in July 2025 by a 294-134 vote and advanced from the Senate Banking Committee in May by a 15-9 margin. 

Read More:  Bitcoin Price Reclaims $60,000 As Strategy (MSTR) And Strive (ASST) Jump More Than 10%

Senate leaders aim to open floor debate before Congress breaks on August 7, a window many policy observers view as the last chance for passage this Congress.

As executive director, Witt served as the administration’s chief negotiator on the bill. He led talks with lawmakers and industry stakeholders over its most contested provisions, including a compromise on stablecoin yield, disputes over ethics language, and concerns from law enforcement groups about developer protections.

The ethics provisions remain among the bill’s largest obstacles. Lawmakers continue to negotiate guardrails addressing President Trump’s crypto business interests, after disclosures showed he earned more than $1 billion from crypto ventures last year. 

Read More:  Coldcard Bitcoin Thief Likely Used Top Blockchain Services Provider

Prediction market Polymarket prices 2026 passage near 48 percent, down from 74 percent a month earlier.

In Witt’s absence, crypto council deputy director Harry Jung is expected to assume his duties. Jung worked alongside Witt over the past year and sat in on many of the same negotiations, a factor sources cited as a measure of continuity. Witt intends to stay involved during training, though his full-time return remains unconfirmed.

Beyond the Clarity Act, Witt has directed the administration’s rollout of the Strategic Bitcoin Reserve and its work on the GENIUS Act, the stablecoin law enacted in July 2025, along with efforts to revise the tax treatment of digital assets.

Facebook Comments Box
spot_img

Continue reading

Coldcard Wallet Flaw Exposes Years Of Bitcoin Seeds After $70M In BTC Stolen

The popular Bitcoin hardware wallet Coldcard product, made by Coinkite, is at risk following a $70 million hack. Coinkite on Thursday admitted that its Coldcard Mk3 model was affected following the hack and advised users to move...

US Closes In Of Iran’s Bitcoin Insurance Policy

Iran has been dodging sanctions by accepting pay in Bitcoin from ships passing through the Strait of Hormuz, according to a Friday announcement from the U.S. Treasury’s Office of Foreign Assets Control. The OFAC sanctioned the...

Clarity Act Should Pass, Says Coinbase’s Policy Officer

The Clarity Act will likely get through despite some — older — Democrats holding it back, according to Coinbase’s Chief Policy Officer, Faryar Shirzad.  Speaking on The Hill’s morning Rising show Friday, Shirzad said that crypto was...