Patrick Witt exits White House crypto role as Clarity Act stalls

Leadership at the White House is shifting once again, as Patrick Witt’s tenure as the administration’s top crypto adviser comes to an end.
Source: www.theblock.co

Leadership at the White House is shifting once again, as Patrick Witt’s tenure as the administration’s top crypto adviser comes to an end.
Source: www.theblock.co
Friday, July 31, was the final trading day for six Bitwise option-income ETFs. Shareholders still holding shares as of Aug. 3 face automatic cash redemption rather than an exchange sale. The Bitwise Funds Trust board voted June 30 to liquidate ICOI, IMRA, IMST, IGME, ICRC, and IETH, according to an SEC prospectus supplement. The products…
Fundstrat’s Tom Lee expects the Federal Reserve to raise interest rates by 25 basis points today, arguing the move could still spark a substantial equity rally rather than derail one. The Federal Open Market Committee (FOMC), the Fed’s rate-setting panel, meets today, with a decision expected at 2 p.m. ET. Lee said the hike would…