Patrick Witt Named Senior Adviser on Crypto in Trump Administration
President Donald Trump’s crypto adviser Bo Hines stepped down after a few months. His deputy, Patrick Witt, will now oversee crypto political priorities in Washington.
Key points:
- Witt has a background as an ex-football player and lacks significant crypto experience.
- He will manage the implementation of policies aimed at making the U.S. a global hub for crypto innovation.
- Witt has previously worked at McKinsey & Co., the Office of Personnel Management, and the Department of Defense.
- Hines' departure leaves unfinished tasks, including progress on the Digital Asset Market Clarity Act and developments related to a Bitcoin Strategic Reserve.
- David Sacks remains Trump's senior crypto policy chief.
Witt's agenda is currently unclear. The White House has not commented on his promotion.