Patrick Witt has left the White House crypto council after his Defense Department detail expired, and no replacement has been named. The CLARITY Act he worked on now waits for a lame duck with 22 Senate session days, none set aside for crypto.
Perspective Coverage
8 publishers
- Builder
- Builder 14%
- Operator
- Operator 39%
- Investor
- Investor 47%
Reality
- Evidence72
- Adoption
- Not scored
- Hype gap+12
- Incentives
- Not scored
- Confidence74
White House will count its 319,000 to 328,000 bitcoin before it considers buying more
White House adviser Patrick Witt says the government will secure and account for its 319,000 to 328,000 BTC before it buys any more. Any purchase would also have to be budget-neutral, with no new cost to taxpayers.
Reality
- Evidence35
- Adoption
- Not scored
- Hype gap+15
- Incentives
- Not scored
- Confidence45
Kalshi and its investor Paradigm sat with Coinbase, Ripple and Chainlink at the White House, one day before the CFTC's new advisory committee met. The seating chart is the substance.
Perspective Coverage
9 publishers
- Builder
- Builder 19%
- Operator
- Operator 38%
- Investor
- Investor 43%
Reality
- Evidence60
- Adoption
- Not scored
- Hype gap+35
- Incentives65
- Confidence55
CLARITY's newest 14 pages hand the DeFi coverage test to the SEC and CFTC
The bill grew again last week, and the new pages delegate the hard definition to regulators while the ethics language Democrats made their price stayed out. Trump has not said what curbs he will accept.
Reality
- Evidence35
- Adoption
- Not scored
- Hype gap+45
- Incentives60
- Confidence40
A September 15 cloture vote needs 60 votes, and only 14 working days remain before the October recess. The SEC is drafting a token exemption in the meantime.
Perspective Coverage
3 publishers
- Builder
- Builder 15%
- Operator
- Operator 38%
- Investor
- Investor 47%
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+25
- Incentives60
- Confidence50
buildConfirmed2 publishers The Senate's 49-50 procedural vote left the securities-versus-commodities test where it already was, with the SEC and CFTC free to keep writing rules under existing powers and those rules open to court challenge.
Reality
- Evidence62
- Adoption
- Not scored
- Hype gap+5
- Incentives72
- Confidence64
Crypto's federal rulebook stalls 11 votes short of the Senate's 60-vote bar
The Senate voted 50-49 against the Clarity Act on September 15, so the federal digital-asset framework stays unwritten. The fight that sank it was over ethics language tied to the president's own crypto holdings.
Reality
- Evidence64
- Adoption
- Not scored
- Hype gap+18
- Incentives78
- Confidence58
Crypto's campaign money buys less in this Senate than it did in spring 2024
Ahead of Tuesday's cloture vote the White House is answering bank lobbyists with a scenario tool, while Fairshake's $30 million to Democrats is already spent and Republicans including John Cornyn weigh a no.
Reality
- Evidence58
- Adoption
- Not scored
- Hype gap+18
- Incentives82
- Confidence55
Trump's crypto adviser prices a failed Tuesday vote at years of waiting
Patrick Witt wants Democrats on the market structure bill by Sept. 15, and the fallback he describes if they refuse is rulemaking bounded by the authority the SEC and CFTC already have, an approach that depends on agency leadership the White House has not yet named.
Reality
- Evidence58
- Adoption
- Not scored
- Hype gap+28
- Incentives78
- Confidence57
The SEC's crypto safe harbour turns a whitepaper roadmap into a legal exit condition
Regulation Crypto Assets pairs two offering exemptions with a way out of the investment-contract test. The White House lunch the next day was the political weather, not the rule.
Reality
- Evidence44
- Adoption
- Not scored
- Hype gap+18
- Incentives84
- Confidence46