Patrick Witt
@patrickjwitt
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Executive Director, President’s Council of Advisors for Digital Assets; Deputy Director, Dept. of War Office of Strategic Capital 🇺🇸
Washington, DC
Joined May 2012
Today's announcement reaffirms the OCC's role in fostering innovation in the federal banking system, without compromising safety and soundness. These institutions would join the 60 other national trust banks supervised by the OCC. WE ARE SO BACK.
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This is entirely false. The White House, @SenatorTimScott and @SenLummis are in lockstep on the need to protect software developers and DeFi. That message was conveyed to Senate Democrats on the Hill this morning and again at the White House with industry this afternoon.
🔥URGENT UPDATE: The "Market Structure" bill circulating in the Senate isn't regulatory clarity; it’s the ultimate rug pull. 🚨 By folding to @SenWarren unconstitutional BSA surveillance demands, @SenatorTimScott and @SenLummis are effectively handing the future of finance to
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A COMEBACK FOR THE AGES. Down 42–14 with under three minutes left in the third quarter, @YaleFootball rattled off 29 unanswered to top No. 15 Youngstown State, 43–42.🌿🏈
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Time for US foreign aid to go on chain?
It’s highly likely that billions in U.S. aid to Ukraine ended up in private Swiss accounts of top Zelenskyy aides. What a racket. $220 Billion spent! Zelensky’s Top Aide Resigns as Corruption Probe Deepens - WSJ
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🚨BASEL COMMITTEE CHAIR ACKNOWLEDGES THAT CRYPTO CAPITAL RULES MUST BE REWORKED. Basel rules are a very big deal if you are a bank. They drive your return on equity and directly impact your share price. They determine which businesses are good--and which ones are bad.
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The OCC confirmed permissible bank activities related to paying crypto-asset network fees, sometimes referred to as “gas fees.” Read more at https://t.co/fCIhmzWVLP.
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Capital controls on stablecoins are shortsighted and anti-competitive. Make no mistake, they are meant to protect incumbents, not consumers.
The Bank of England’s cap on stablecoin ownership is a poison pill for Britain’s financial sector. Britain cannot afford to be left behind.
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An honor to share the stage with @PatrickMcHenry at @Official_Cantor in Miami yesterday. Thanks in large part to his leadership as the former Chairman of @FinancialCmte and the work of countless others, we are closer than ever to passing crypto market structure legislation.
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The Senate Ag Committee has released a bipartisan draft of market structure legislation. Thanks to Chairman @JohnBoozman and Senator @SenBooker’s leadership, we are a major step closer to providing the regulatory clarity needed to make the U.S. the crypto capital of the world.
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Delivering on another recommendation from the PWG Report on Digital Assets. Great job by @USTreasury and @IRSnews.
Today @USTreasury and the @IRSnews issued new guidance giving crypto exchange-traded products (ETPs) a clear path to stake digital assets and share staking rewards with their retail investors. This move increases investor benefits, boosts innovation, and keeps America the
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Thank you Chairman @JohnBoozman & Senator @CoryBooker @SenBooker for a constructive discussion today about the crypto market structure legislation before Senate Ag Committee. I am encouraged by the great progress so far, and look forward to a bipartisan draft in the near future.
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Excited to join @bgarlinghouse on stage tomorrow at Swell and @SergeyNazarov at SmartCon to discuss the future of financial infrastructure. The future is bright. @Ripple @chainlink
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OSC at the tip of the spear in the battle to harden America’s REE supply chain and defend against economic coercion. Excellent work by everyone involved at @DeptofWar and @CommerceGov.
Two startups aiming to produce an American supply of rare-earth magnets have sealed a $1.4 billion deal with the Trump administration
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At the MARA Government Summit, MARA CEO @fgthiel hosted a fireside chat with @patrickjwitt, Executive Director of the President’s Council of Advisors for Digital Assets, on Bitcoin mining, energy resilience, and U.S. national security. Watch:
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Patrick Witt (@patrickjwitt), the Executive Director of the President’s Council of Advisors for Digital Assets at the @WhiteHouse, is speaking at this year's SmartCon. Join the convergence of global finance and government leaders in NYC ↓ https://t.co/KA0RW6QUeq
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Congratulations @MikeSeligEsq !
President Trump has made an excellent choice in Mike Selig to lead the @CFTC. As anyone who knows him will attest, @MikeSeligEsq is deeply knowledgeable about financial markets and passionate about modernizing our regulatory approach in order to maintain America’s
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I spent today on Capitol Hill meeting with the members of the Senate @BankingGOP and @SenateAgGOP Committees; thank you to their respective Chairmen @SenatorTimScott and @JohnBoozman for hosting me. I also had productive meetings with leading Democratic members, and believe we
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The OCC granted preliminary conditional approval to Erebor Bank after thorough review of its application. In granting this charter, the OCC applied the same rigorous review and standards applied to all charter applications. https://t.co/9G7WkRRohN
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