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. Where does that leave the council?
PS: I’ll be at Money 20/20 on Monday and Tuesday and NEXTPredict on Thursday and Friday. Want to say hi? Ping me on Telegram.
You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.
The narrative
The White House does not currently have a publicly named crypto head. Patrick Witt, the most recent adviser to President Donald Trump, said he was out last week, and a successor has not yet been named.
Why it matters
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. And next year, after a new Congress is sworn in, any crypto-related legislating will likely still need a White House liaison.
Breaking it down
CoinDesk’s Jesse Hamilton walks through the apparent vacancies for a crypto adviser at the White House in this analysis from last week.
