Tyler Williams leaves Treasury as Congress stalls crypto market structure bill

Tyler Williams, the top digital-assets adviser to Treasury Secretary Scott Bessent, left the U.S. Treasury Department on July 31 to return to the private sector, departing as the Senate remains stalled on the CLARITY Act ahead of the August recess. Williams served as Counselor to the Secretary after joining Treasury in February 2025, becoming the department's principal crypto official and helping shape the administration's digital-asset agenda. Bessent said Williams had been "instrumental in advancing President Trump’s vision of making the United States the crypto capital of the world." During his tenure, Williams worked on implementation of the GENIUS Act stablecoin law and the Strategic Bitcoin Reserve, the government's plan to hold seized Bitcoin rather than sell it. He also worked alongside a White House crypto team led by Patrick Witt under David Sacks. Williams came to Treasury from Galaxy Digital, where he was Global Head of Policy, and previously served at Treasury as Deputy Assistant Secretary for Financial Institutions Policy during Trump's first term. His résumé also includes congressional roles for Senator Thom Tillis and former House Speaker John Boehner. His next role has not been disclosed. His exit comes with the CLARITY Act still stalled in the Senate, where disagreements over ethics provisions for federal officials have become a key obstacle. The bill would divide oversight among the SEC, CFTC, and Treasury, and remains the major unfinished piece of the administration's crypto framework. CryptoSlate said Williams's departure was the fourth senior crypto exit from a federal power center this year and reported prediction-market odds of the CLARITY legislation passing had fallen to 27%. No link between Williams's departure and the bill's troubles has been reported.