A Daily Network publication
Explore the network
Digital Capital Daily
Independent Intelligence on Institutional Digital Assets
Thursday, October 15, 2026The Morning Brief →Sign in
Regulation

Patrick Witt leaves White House crypto policy office without a named successor

The White House says the Crypto and Clarity Act remains a priority, but no new name is attached to the president's in-house digital assets work.

At a glance

25-second brief
  • Patrick Witt, the last crypto adviser running the White House's digital assets policy office, has departed, leaving the president's in-house crypto initiatives without a named successor, according to CoinDesk.

  • The White House says the legislative piece remains live, and the official said 'Crypto and Clarity Act will continue to be a priority for the president.'

  • Treasury's first GENIUS Act rulemaking, which proposes definitions that will determine which stablecoin issuers face U.S. rules, is already in motion, so a vacant White House post does not stop agency work.

Patrick Witt, the last crypto adviser running the White House's digital assets policy office, has departed, leaving the president's in-house crypto initiatives without a named successor, according to CoinDesk. A White House official told CoinDesk on Thursday that Witt's work was appreciated and wished him "the best of luck in the future endeavors."

Work began several weeks before Trump returned to office in 2025, when the president-elect named David Sacks, a former PayPal executive, as his incoming AI and crypto czar. Trump tapped Bo Hines as the first director of the digital assets advisory council, initially a one-person effort that later added a deputy. Hines became the White House's public face on crypto, taking meetings with industry figures and appearing on event stages. His tenure of about eight months closed with the GENIUS Act's passage into law, celebrated at a White House signing; less than two weeks later the administration published a comprehensive crypto agenda.

The White House says the legislative piece remains live, and the official said 'Crypto and Clarity Act will continue to be a priority for the president.' That bill failed 49-50 in the Senate, as this publication reported, leaving the SEC and CFTC to write the interim rulebook. Some on Capitol Hill continue to suggest the final weeks of the congressional session after November's elections could still produce legislative action for the industry, according to CoinDesk.

Treasury's first GENIUS Act rulemaking, which proposes definitions that will determine which stablecoin issuers face U.S. rules, is already in motion, so a vacant White House post does not stop agency work. Whether the vacancy changes the substance of U.S. crypto policy, rather than its public advocacy, is not established by a staffing change alone.

Continue your research

Save this analysis and keep the funds you follow together in My Desk.

Sign in to save articles or follow funds.
Sources & further reading
CoinDesk — Policy & Institutions
More from Digital Capital Daily
Regulation

Payward to buy Lithuania's Saldo Bank for EU banking license

The Kraken parent would use the license to offer interest-bearing deposits, loans, cards and euro payments.
Regulation

Dutch central bank grants Qivalis e-money license for euro token

The 37-bank consortium still needs a published MiCA white paper before issuing its euro-denominated token, and has not said which members will use it.
The Wrap

Perpetuals.com files with SEC to run tokenized US stock venue

The Nasdaq-listed fintech, run by former FTX Europe chief Patrick Gruhn, is the second firm to seek the SEC's innovation exemption for tokenized U.S. equities.
Elsewhere in the networkAll titles →
Every weekday · 6:30 a.m. ET

The Morning Brief

The latest from Digital Capital Daily, in your inbox every weekday. Free.