Patrick Witt, the White House’s chief cryptocurrency advisor, will be taking a leave of absence, which may affect negotiations on the Clarity Act
Svmuu News: Patrick Witt, the White House’s chief cryptocurrency advisor, will begin a several-month leave of absence later this month to undergo JAG program training with the Georgia Army National Guard. Witt had originally planned to participate in the program in April, but it was postponed due to prolonged negotiations over the Clarity Act; this time, the schedule cannot be extended further. Since assuming the role last August, Witt has led negotiations with lawmakers and industry stakeholders on key points of contention in the bill, including brokering a compromise between the crypto industry and banks regarding stablecoin yields, addressing disputes over ethical provisions, and securing support from law enforcement agencies. His deputy, Harry Jung, will take over his duties.
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