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Crypto

Patrick Witt steps down as director of White House crypto council secretariat

Patrick Witt, who led the White House cryptocurrency council secretariat, has stepped down after his temporary assignment ended. The White House confirmed the end of his duties but has not announced a successor. Witt had overseen talks on tightening the U.S. crypto regulatory framework, including Senate negotiations on the Clarity bill dividing oversight between the SEC and CFTC, and reviewed plans to expand a strategic bitcoin reserve.

Crypto

Trump buys more Strategy shares, discloses up to $100,000 July purchase

U.S. President Donald Trump disclosed he bought $50,001 to $100,000 worth of Strategy shares on July 27, according to a filing submitted to the U.S. Office of Government Ethics. The disclosure also showed an additional purchase of $1,001 to $15,000 three days earlier, as well as other trades including buying Coinbase shares and selling Mara Holdings and CleanSpark. The filing listed only transaction ranges, not share counts.

Crypto

Coinbase CPO says Clarity Act stalls; real action is at SEC, CFTC

The U.S. “Clarity” crypto bill failed to clear a cloture vote this week, and Coinbase said policy leadership could shift from Congress to regulators. Coinbase Chief Policy Officer Faryar Shirzad cited the U.S. election calendar and what he described as resistance amplified by a large bank campaign. He said attention may move to the Securities and Exchange Commission, the Commodity Futures Trading Commission and bank regulators, especially under SEC Chairman Paul Atkins. Coinbase outlined a three-pillar strategy spanning legislation, regulation and international coordination.