Patrick Witt Takes Helm of White House Crypto Council Following Bo Hines’ Departure

Former Deputy Chief of Staff Patrick Witt has assumed the role of Executive Director for President Trump’s White House crypto group, succeeding Bo Hines. While Witt brings experience from government and sports to the position, his appointment may shape U.S. crypto policy direction. However, markets have remained stable without significant shifts in response to this leadership change. No major funding announcements or policy changes have been made during this transition. Speculations about a shift towards general innovation policy are unverified, with no official guidance from SEC or CFTC yet.