White House · CLARITY Act · Donald Trump · CoinDesk
The White House's crypto chief departs: State of Crypto
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White House Executive Director of the President’s Council of Advisors for Digital Assets Patrick Witt is leaving government service and returning to the private sector.
Key facts
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- PS: the reporter will be at Money 20/20 on Monday and Tuesday and NEXTPredict on Thursday and Friday
- White House Executive Director of the President’s Council of Advisors for Digital Assets Patrick Witt is leaving government service and returning to the private sector
- CoinDesk's Jesse Hamilton walks through the apparent vacancies for a crypto adviser at the White House in this analysis from last week
Summary
You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. The White House does not currently have a publicly named crypto head. While most of the DC focus right now is on next month's midterm election, the executive branch is still engaging in rulemaking and other efforts around digital asset policymaking. CoinDesk's Jesse Hamilton walks through the apparent vacancies for a crypto adviser at the White House in this analysis from last week.