The White House crypto post is vacant

The White House confirmed
Witt’s secondment has ended
No one has temporarily taken over
as executive director of the crypto council

He was the council’s last public-facing member
Sacks, the former crypto czar,
had already left in March

This won’t directly send crypto prices tumbling
but it could slow down two things
One is the market structure bill
which stalled in the Senate last month
Law firms expect it won’t be taken up again until next year
The other is the strategic Bitcoin reserve
There’s one less person speaking publicly about it

My take:
Don’t expect policy tailwinds in the short term
I’ll first watch to see who takes the post

#PatrickWitt卸任白宫加密职务