He spent a year leading the cryptocurrency portfolio after Bo Hines left for Tether in August 2025. Witt failed to advance the Clarity Act in Congress. According to Polymarket, its probability of being passed in 2026 is now 6%. At the same time, it may not pass at all or could be significantly revised. Democrats are set to win a majority in the House of Representatives (91%) and the Senate (64%).
In addition, there was no significant progress under Witt on passing legislative initiatives for a BTC reserve. Witt was the last member of the White House crypto council after the departures of David Sacks in March and deputy director Harry Jung in July. It remains unknown who will replace Witt.