During the legislative effort, Sean Sacks resigned from his czar position in March, leaving Craig Witt and his deputy, Harry Jung, to oversee the administration’s cryptocurrency policy. Their work was complicated by President Trump’s own crypto ventures, which Democrats said should prevent senior officials from having personal crypto interests.
As talks stretched into the year and approached the elections, the White House proposed unprecedented ethics restrictions on the president’s involvement with digital assets. Democrats, however, felt the proposed concessions did not go far enough.
Craig Witt had indicated in July that his Georgia National Guard service obligations would soon take precedence, yet he remained to finish negotiations on the Clarity Act even as his deputy, Harry Jung, departed to join Hines’ Nxum. The bill hit a political snag a month ago, stalling in a Senate floor vote before the chamber adjourned for a lengthy pre‑election recess.
After rumors circulated that he had already left, Witt confirmed his departure late Wednesday in a post around midnight. He thanked agency leaders and lawmakers who assisted with the Clarity Act, stating, “With regulators and elected officials like you, I rest easy knowing the future of digital‑asset innovation in America is bright.” He added that he will be moving into the private sector.
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