Patrick Witt
@patrickjwitt
Executive Director, President’s Council of Advisors for Digital Assets; Deputy Director, Dept. of War Office of Strategic Capital 🇺🇸
1K Following 37K Followers
Calling this the “culmination of productive negotiations” with the White House and Treasury is like saying Maduro’s removal from Venezuela was the culmination of productive negotiations with the U.S. government.
We have made our position abundantly clear to Senator Cortez-Masto for weeks. This is not even close.
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The largest asset manager in the world just endorsed the Clarity Act, and you’re blackpilling? @BlackRock
Strong support continues to flow in for the Clarity Act. I wonder who else will come out in support of the bill today… 🤔
Thank you for all your hard work @HarryYJung! It’s been a pleasure working with you.
Great news! @patrickjwitt will be staying to take Clarity across the finish line.
1/6 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 accomplished.
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For 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 National Guard, right before Clarity hits the Senate floor.
While I remain committed to fulfilling my service obligation, I am grateful to report that my training has been deferred, and that I will be able to see this effort through to the end.
Thanks to @POTUS and @DavidSacks for the opportunity to continue this important work and to everyone who reached out last week. Let’s finish the job. 🇺🇸
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*taps sign*
JUST IN: 🇷🇺 Russia to finalize bill tomorrow establishing a legal framework for crypto.
It’s been one year since @potus signed my GENIUS Act into law!
We are making America the crypto capital of the world.
We have come so far with this legislation since the House passed the Clarity Act a year ago. There has been a lot of bipartisan input, and it is the best, most comprehensive language we have seen. - @KristinSmith on with @MariaBartiromo
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A year ago today, the House passed the CLARITY Act with nearly 80 Democrats joining Republicans in support. Since then, the bill has sat in the Senate.
It is time for the Senate to pass the CLARITY Act and send it to @POTUS desk to provide the regulatory certainty America needs to remain THE global leader in digital assets.
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One year ago today, the House passed the CLARITY Act to establish clear rules for digital asset markets, protect consumers, and keep innovation in the United States.
I encourage the Senate to build on that work and help get the this important legislation across the finish line and onto President Trump’s desk.
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For over two decades in Congress, I saw how bold, forward-looking legislation can move our country ahead, and how outdated rules leave us scrambling to catch up.
The Clarity Act is Congress’s chance to be proactive: establish consumer protections, provide regulatory certainty and give entrepreneurs the confidence to build.
As I write in Fortune, Congress can seize the moment & break the cycle of reactive regulation. Now is our chance.
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You mean to tell me that the people who have been gobbling up community bank market share for the past 30 years might not have the community banks’ best interest at heart? 🤔
I’m not 100pct convinced that the Wall Street banks objections to stablecoin yield in the Clarity Act are entirely because they are worried about deposit flight at small, community banks
The world won’t wait on America forever. We can either lead the way on digital assets by passing the Clarity Act, or watch as someone else sets the rules of global finance for us.
We've been working on the Clarity Act every day for 10 months, and we'll introduce bill text in the next few days — it's time to land this plane. This is about helping law enforcement fight illicit finance, passing consumer protections and keeping these markets onshore in the US.
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America is primed for digital asset leadership.
The GENIUS Act has already helped unlock investment and innovation in the stablecoin sector. Now, we have an opportunity to strengthen America’s leadership in digital assets, but only if we pass the CLARITY Act.
The time is now, let’s get it done. 🇺🇸
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Asked and answered. Give it a rest.
Just released - ABA, @ICBA join state associations in urging Senate to strengthen stablecoin yield provisions in Clarity Act:
Significant. @FLEOAORG expressing support for CLARITY and confirming what many of us know--this bill is strong on consumer protection and law enforcement. The time is now to pass CLARITY to ensure the U.S. has these strong guardrails in place.
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Thank you for your leadership, @FLEOAORG.
