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White House Crypto Negotiator Patrick Witt Confirms Departure
White House crypto negotiator Patrick Witt has confirmed his departure from the administration. The CLARITY Act, a key legislation for comprehensive cryptocurrency rules, remains stalled in Congress. The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are pursuing crypto rules under their existing powers, with the SEC's Chair Paul Atkins emphasizing the importance of legislation for durable rules.