White House · Donald Trump · CLARITY Act · CoinDesk
At the White House, crypto policy vacancy looms large
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When President Donald Trump returned to the White House last year, he not only shed his earlier resistance to crypto technology but embraced the industry with the hiring of a high-profile crypto czar and the establishment of his President’s Council of Advisors for Digital Assets.
Key facts
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- When Trump moved earlier this month to re-establish an AI overseer, hiring former SEC Chairman and current intelligence director Jay Clayton to lead his Super Intelligence Force, the job no longer
- When President Donald Trump returned to the White House last year, he not only shed his earlier resistance to crypto technology but embraced the industry with the hiring of a high-profile crypto czar
- The super PAC was funded mostly by Tether's U.S. financial partner, Cantor Fitzgerald, and led by a Tether exec
Summary
The exit of President Donald Trump’s crypto adviser, Patrick Witt, wasn’t a surprise, but it leaves the White House without an explicit digital assets policy presence. The White House insists that crypto is still a priority, but its recent naming of a new AI czar left crypto off the role despite its previous inclusion. Almost two years later, that policy push seems to have gone quiet for the moment, with the departure of Patrick Witt, who had been the final crypto adviser running that office. So who is minding the store for crypto policy at the White House?