Key facts
- White House crypto adviser Patrick Witt is departing for military training.
- Harry Jung is expected to assume Witt's responsibilities.
- The departure has reduced the likelihood of the Clarity Act passing Congress.
- A prediction market indicates a 37% chance of the Clarity Act becoming law this year.
White House crypto adviser Patrick Witt is set to begin military leave later this month, a move that comes as the Senate approaches a critical deadline for passing the Clarity Act before its August recess. Harry Jung is anticipated to step into Witt's role and manage his responsibilities. Witt's departure has led to a significant decrease in the probability of the Clarity Act becoming law this year, with prediction markets now estimating only a 37% chance of its passage.