White House crypto adviser Patrick Witt is taking a months-long leave from his position to complete mandatory military legal training with the Georgia Army National Guard. The leave starts at the end of July, just as negotiations for the CLARITY Act are heating up.
The CLARITY Act aims to create federal rules for digital asset markets and divide oversight between the Securities and Exchange Commission and Commodity Futures Trading Commission. With Witt's departure, Deputy Director Harry Jung will assume his responsibilities during the leave.
Witt has been a key negotiator for the administration on the bill, which includes provisions for stablecoin rewards, government ethics rules, and protections for decentralized software developers. The Senate is working to advance the bill before its summer break, with supporters calling for passage by August 7.