US Treasury's Luke Pettit to Step Down Next Month; Previously Worked on GENIUS Act

According to Axios, Assistant Secretary of the Treasury Luke Pettit will depart in October to join the private sector. Pettit was the chief proponent behind the children's "Trump Accounts" program, with his departure timed to occur after the project's automatic registration begins. Previously a senior advisor to Senator Bill Hagerty (R-Tenn.), Pettit served at the Treasury as both Assistant Secretary for Financial Institutions and Under Secretary for Domestic Finance, while also leading cybersecurity and artificial intelligence policy work.