Patrick Witt, Executive Director of the White House Cryptography Commission, will step down ahead of the expected vote on the CLARITY Act
Svmuu News: Patrick Witt, Executive Director of the White House Crypto Commission, will complete his final workday at the White House on July 18 and begin training as a legal officer with the Georgia Army National Guard on July 27.Witt previously led negotiations on the CLARITY Act, which is expected to come up for a full Senate vote around July 20. Deputy Director Harry Jung will take over those negotiations and will be responsible for advancing the Strategic Bitcoin Reserve and the GENIUS Act.A consolidated draft of the CLARITY Act is expected to be released this week; the bill requires 60 votes to overcome the filibuster threshold, meaning it needs the support of at least seven Democrats.Democrats are demanding the inclusion of ethics provisions regarding the president’s personal cryptocurrency holdings; disclosures show that Trump earned over $1.4 billion from cryptocurrency ventures last year. (Bitcoin.com News).
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