CLARITY Act gets a boost as Patrick Witt stays at White House

cryptonews

Jul 21

White House crypto adviser Patrick Witt will remain in his post after his scheduled military training was deferred, keeping the administration’s lead CLARITY Act negotiator in Washington during the ...

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He said he remained committed to his military service but added that “my training has been deferred, and that I will be able to see this effort through to the end.” The decision reverses a plan that would have shifted many of his responsibilities to White House Crypto Council deputy director Harry Jung.Democrats have pushed for tighter limits covering government officials with digital asset interests, while the White House has argued that ethics standards should apply evenly. Senate Majority Leader John Thune has also acknowledged that Republicans still need a bipartisan agreement to move the measure forward.","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"GDLC":"Grayscale CoinDesk Crypto 5 ETF","DIME":"CoinShares Altcoins ETF","PATK":"Patrick Industries","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","BKCH":"AdvisorShares Sabretooth ETF","STCE":"Schwab Crypto Thematic ETF","BITQ":"Bitwise Crypto Industry Innovators ETF","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","DAPP":"VanEck Digital Transformation ETF","BITW":"Bitwise 10 Crypto Index ETF","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","TEKX":"SPDR Galaxy Transformative Tech Accelerators ETF","BK4124":"机动车零配件与设备"},"translate_title":"帕特里克·维特留在白宫，《清晰法案》得到推动","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BITQ":0.87,"PATK":1.5,"CRPT":0.87,"STCE":0.87,"TEKX":0.87,"GDLC":0.87,"NCIQ":0.87,"DAPP":0.9,"LFGY":0.87,"DIME":0.87,"BITW":0.87,"BKCH":0.87},"content_text":"White House crypto adviser Patrick Witt will remain in his post after his scheduled military training was deferred, keeping the administration’s lead CLARITY Act negotiator in Washington during the final weeks before the Senate’s summer break. \n\n\nSummary\n\n\n\nPatrick Witt deferred military training, keeping the White House’s lead CLARITY Act negotiator in place.\nThe Senate faces a narrow timeline as unresolved ethics language still threatens the bill’s vote.\nHarry Jung plans to leave government, removing the deputy once expected to cover Witt’s absence.\n\n\n\nWitt had planned to begin Judge Advocate General training with the Georgia Army National Guard on July 27.\nWitt confirmed the change in a July 20 post on X. He said he remained committed to his military service but added that “my training has been deferred, and that I will be able to see this effort through to the end.” The decision reverses a plan that would have shifted many of his responsibilities to White House Crypto Council deputy director Harry Jung.\n\nFor the past year, I have worked diligently to get the Clarity Act passed, fulfilling President Trump’s vision to make the U.S. the crypto capital of the world.Last week, it was reported that I was set to leave for mandatory training as part of my service in the Georgia Army…— Patrick Witt (@patrickjwitt) July 20, 2026\n\nWitt stays as the Senate calendar narrows\nWitt serves as executive director of the President’s Council of Advisors for Digital Assets and has played a central role in talks involving the White House, lawmakers, banks and crypto companies. As previously reported by crypto.news, he had already postponed the same training in April while CLARITY Act negotiations continued.\nThe Senate now has little room left on its calendar. Aug. 7 is the final scheduled session day before a state work period begins on Aug. 10. Supporters have treated that window as an important target because election-year politics could make a later vote harder to arrange.\nThe CLARITY Act would create federal rules for digital asset markets and divide oversight between the Securities and Exchange Commission and Commodity Futures Trading Commission. Senate staff still need to resolve differences before leaders can bring a final version to the floor, where the bill would likely need Democratic support.\nEthics dispute still blocks a final Senate agreement\nWitt’s decision to stay does not resolve the policy disputes holding up the bill. Senate negotiators still lack a final agreement over ethics rules that would restrict elected officials from profiting from crypto-related businesses. The White House had not accepted the proposed language as of that report.\nDemocrats have pushed for tighter limits covering government officials with digital asset interests, while the White House has argued that ethics standards should apply evenly. Senate Majority Leader John Thune has also acknowledged that Republicans still need a bipartisan agreement to move the measure forward.\nThe uncertainty has affected market expectations. A related crypto.news report said Polymarket traders placed the CLARITY Act’s chance of becoming law in 2026 at 31% on July 20. The figure can change quickly, but it reflected doubts about whether lawmakers could settle the dispute before the August recess.\nConsumer protections and stablecoin yield remain in focus\nThe latest negotiations have also produced changes on customer protections. Coinbase vice chair Ryan VanGrack said Senate Democrats secured stronger safeguards in the revised bill and described the changes as giving the legislation “more teeth.” He did not provide full details, and lawmakers had not released the final Senate text as of July 20.\nOther disagreements have centered on stablecoin rewards, decentralized software developers and law enforcement powers. The stablecoin yield debate has drawn strong lobbying from banks and crypto companies. Banking groups have argued that rewards paid on stablecoin balances could pull deposits from traditional banks, while crypto firms have pushed to preserve room for activity-based rewards under a regulated framework.\nAs previously reported, the Senate Banking Committee cleared a version of the CLARITY Act in May. Witt has worked on several of the unresolved issues, keeping him involved in the administration’s effort to reach a deal with lawmakers from both parties.\nHarry Jung’s exit changes the White House staffing plan\nWitt’s revised plans come as Harry Jung prepares to leave government service. Jung, the deputy director of the President’s Council of Advisors for Digital Assets, said on July 21 that he would leave his post in two weeks. He had been expected to assume many of Witt’s responsibilities during the planned military leave.\n\n1/6 In two weeks, I will leave government service with immense gratitude. Serving in @POTUS administration and working for @DavidSacks in the @WhiteHouse Crypto Council has been a great honor. These past two years transformed America’s position on crypto. I’m proud of all we… pic.twitter.com/alhNCMuM8Y— Harry Jung (@HarryYJung) July 20, 2026\n\nJung said he was proud of the council’s work and described the past two years as transformative for U.S. crypto policy. His departure means the White House will avoid an immediate leadership gap because Witt is staying. The council is also working on GENIUS Act implementation, the Strategic Bitcoin Reserve and crypto tax policy.\nWitt’s continued presence removes one staffing uncertainty, but the legislation still depends on lawmakers resolving ethics provisions, consumer rules and other contested sections. The Senate has not announced a final floor vote, leaving the bill’s path tied to negotiations before lawmakers leave Washington in August.\n\n\n\n\n\n                Read more:\n            \n\n                Polymarket refers nearly 100 wallets amid $200M insider-trade concerns","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}