Patrick Witt

Executive Director, President’s Council of Advisors for Digital Assets; Deputy Director, Dept. of War Office of Strategic Capital 🇺🇸

[Patrick Witt @patrickjwitt]

Serving in this administration has been the privilege of a lifetime.

From helping to stand up the most successful presidential transition in history alongside @howardlutnick and @EDSecMcMahon, to rebuilding our defense industrial base as PTDO Deputy Under Secretary for R&E and then Acting Director of OSC at @DeptofWar, to driving forward President Trump’s vision to make the United States the “crypto capital of the world” as Executive Director of the @WhiteHouse Crypto Council, I consider myself to have been the luckiest guy in the world over these past two years.

First and foremost, I want to thank @POTUS for the opportunity to serve the American people again in your second term. Your clear-eyed vision to ensure the United States remains the undisputed global superpower at this time of unprecedented technological change and geopolitical strife is critical to our nation’s future prosperity.

Second, I want to thank @DavidSacks for your visionary leadership and mentorship. I am so grateful to have been able to work with you and learn from you over the past year. Thank you also to @USWREMichael, James Mazol, @HarryYJung, Nick Elliot, Tyler Williams, @lukejpettit, Jonathan Hurowitz, Andrew Rittenhouse, Michael Friedman, @atitus7, @passalacqua_mj, @willscharf, @JamesCBraid, @MayMailman, Steve Levine, Patrick Butler, Zach Carstens, and countless others across the administration for being the best colleagues anyone could ask for. It was an honor to serve alongside you.

Lastly, thank you to @SECPaulSAtkins and @ChairmanSelig, @SecScottBessent, @USComptroller Gould, @SenatorTimScott, @SenLummis, @SenatorHagerty, @berniemoreno, @JohnBoozman, @SenThomTillis, @RepFrenchHill, and @RepBryanSteil for your partnership in advancing crypto policy over the past year with the passage of the GENIUS Act and our work to advance the CLARITY Act. With regulators and elected officials like you, I rest easy knowing the future of digital asset innovation in America is bright.

Regarding next steps, I’ll have to more to share soon. For now, I’ll say this: I am extremely bullish on America as we embark upon a new golden age of technological advancement across multiple frontiers. I’m grateful to have done my part to unleash American innovation while in government, and I look forward to advancing that same mission in the private sector! 🇺🇸

[Patrick Witt @patrickjwitt]

Excellent work by @USComptroller Gould and the entire @USOCC team.

[OCC @USOCC]

.@USComptroller Jonathan V. Gould: Today’s final rule advances @POTUS Trump’s and @SecScottBessent’s vision for American leadership in digital assets. We are providing a clear, practical framework for payment stablecoin innovation, with strong standards for reserve backing, redemption, and risk management. The OCC is drawing on its longstanding supervisory expertise to support responsible growth and innovation for this new industry. https://t.co/IWuIHnQQ0f

[OCC @USOCC]

.@USComptroller Jonathan V. Gould: Today’s final rule advances @POTUS Trump’s and @SecScottBessent’s vision for American leadership in digital assets. We are providing a clear, practical framework for payment stablecoin innovation, with strong standards for reserve backing, redemption, and risk management. The OCC is drawing on its longstanding supervisory expertise to support responsible growth and innovation for this new industry. https://t.co/IWuIHnQQ0f

[Comptroller Jonathan V. Gould @USComptroller]

At the @USOCC, we have worked diligently and expeditiously to deliver the GENIUS Act final rule ahead of schedule to support President Trump's vision and @SecScottBessent's leadership to grow the economy and lead the global digital currency revolution.

Today marks the birth of a new industry having a federal framework for payment stablecoins in the digital age. It also brings us back to our original mission when the OCC was charged with the responsibility for organizing and administering a system of nationally chartered banks and a uniform national currency.

[Patrick Witt @patrickjwitt]

@kevinswebb @Solidus_Labs Congratulations, Kevin!

[Patrick Witt @patrickjwitt]

@SECPaulSAtkins @SECGov Thank you, Mr. Chairman!

[Paul Atkins @SECPaulSAtkins]

Patrick's unwavering leadership was instrumental in advancing President Trump’s vision for American dominance in crypto. It was a pleasure to work with him.

At the @SECGov, we will continue to work toward establishing a common-sense and comprehensive crypto market structure in the U.S., one that accomplishes the President’s goals and builds on Patrick’s tremendous work.

[Senator Bill Hagerty @SenatorHagerty]

Patrick has been a tremendous asset in advancing @POTUS’s agenda.

From his service at @DeptofWar strengthening America’s defense industrial base to his efforts at the White House championing digital assets, Patrick has proven himself to be a talented convener and a man of action.

I hope Patrick remains engaged in these critical issues and continues to provide valuable thought leadership from his next role.

[College GameDay @CollegeGameDay]

"Dad would want you to play."

"So I went out there and played."

A day after his father, legendary Yale coach Tony Reno, died at 52 years old, Dante Reno honored his father's legacy with a four-TD performance for the ages ❤️

@JenLada has more:

[Patrick Witt @patrickjwitt]

Deeply saddened by this news. God bless Dante and the rest of his family. Hope his teammates and the entire @yalefootball brotherhood rally around him during this difficult time.

[Yale Football @yalefootball]

In Memoriam: Former Football Head Coach Tony Reno

🔗 Release ➡️ https://t.co/ty2pFuAoWc

[Paul Atkins @SECPaulSAtkins]

Since the advent of Bitcoin in 2008, the crypto asset market has grown from a niche curiosity into a multi-trillion-dollar asset class to which investors actively seek exposure. Unfortunately, our rules and regulations have not kept pace.

To that end, today’s proposal would provide a clear regulatory framework for the custody of crypto assets, giving investment advisers and funds a compliant pathway where none existed before—and replacing the grey of uncertainty created by custody rules crafted for a bygone era.

[Patrick Witt @patrickjwitt]

End of an era! Thank you, @HesterPeirce, for your many years of service fighting for sound crypto policy at the SEC. The impact of your tenure at @SECGov will only grow over time as global capital markets accelerate their move on-chain.

[Commissioner Hester Peirce (Archived) @PeirceArchived]

T minus 7

[Patrick Witt @patrickjwitt]

A big thank you to @SummerMersinger for her years of service advancing crypto policy and financial innovation, first at the CFTC, then leading @BlockchainAssn. It's been a pleasure working with Summer these past two years. We would not have achieved all that we did without her leadership and partnership.

[Summer Mersinger @SummerMersinger]

I've spent the past year and a half leading the Blockchain Association through one of the most consequential periods in its history. I'm incredibly proud of what our team accomplished together, especially in navigating a challenging and rapidly evolving environment for the industry. Together, we saw the GENIUS Act become law, held more than 300 Congressional and agency meetings, and, for the first time, the industry will have clear rules of the road thanks to the work we’ve done with the SEC, CFTC, and this Administration. Those achievements belong to an extraordinary team, and I remain deeply grateful for their talent, commitment, and trust.

I'm proud of the work we did together, and I'll be sharing more about what's next for me in the near future.

[CFTC @CFTC]

.@CFTC Staff Releases Updates to FAQs Concerning Registrants and Registered Entity Activities Relating to Crypto Assets and Blockchain Technologies: https://t.co/tv5lxpk74X

[CFTC @CFTC]

.@CFTC Innovation Task Force to Host Frontier Forum Series on Innovative Financial Technologies: https://t.co/yy2Jfobi8I

[Paul Atkins @SECPaulSAtkins]

For too long, regulatory uncertainty has prevented responsible, yet critical innovation from taking root in the United States.

It has been a priority of my chairmanship to reverse this trend.

Though temporary, the Innovation Exemption is a principled, structured grant of relief designed to resolve genuine legal uncertainty, while providing investor protections and upholding market integrity standards.

Through this order and a number of ongoing initiatives, we will ensure that America remains the world’s premier destination to build the next generation of financial infrastructure.

[Commissioner Hester Peirce (Archived) @PeirceArchived]

The innovation exemption is an actual thing: https://t.co/WRJu1704Sg

[CFTC @CFTC]

.@CFTC Staff Issues No-Action Position to Providers of Passive Software: https://t.co/irgUh9JejX

[U.S. Securities and Exchange Commission @SECGov]

🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools.

[Cynthia Lummis 🦬 @CynthiaMLummis]

I can’t say enough about what Patrick did to get this legislation to the floor.

Roosevelt’s “man in the arena” if there ever was one.