Bitcoin News Today: Bo Hines Resigns as Trump White House Crypto Council Head Returns to Private Sector

Bo Hines, the executive director of President Donald Trump’s White House Crypto Council, has announced his resignation and return to the private sector, marking the conclusion of his tenure leading the administration’s primary advisory body on digital assets. Appointed in December 2024, Hines played a central role in shaping U.S. government policy toward cryptocurrency, including drafting a July regulatory roadmap for digital assets [2]. During his time in office, he oversaw the administration’s push for dedicated crypto regulations and supported the passage of the GENIUS Act, which established a legal framework for dollar-pegged stablecoins [1].

Despite these initiatives, the council faced criticism for not meeting its strategic goals related to the growth of a federal Bitcoin reserve, which was limited by rules requiring "budget-neutral" acquisition methods [1]. In March 2025, Hines proposed revaluing U.S. gold reserves to generate funds for Bitcoin purchases without increasing federal spending [4].

In a public statement, Hines expressed gratitude for his work with AI and Crypto Czar David Sacks and highlighted the administration’s efforts to position the U.S. as the “crypto capital of the world” [3]. He continued to serve as a special government employee to assist with AI initiatives alongside Sacks even after announcing his resignation.

Hines’ deputy, Patrick Witt, is expected to step into the role of executive director. Witt brings experience in defense-related technology investments and has previously run for office in Georgia. However, he lacks direct involvement in the cryptocurrency sector [5].

Hines’ departure occurs amid a broader pro-crypto shift under the Trump administration, including the removal of barriers preventing 401(k) plans from including crypto assets and the nomination of Stephen Miran, a digital asset advocate, to the Federal Reserve Board of Governors [6].

The timing of Hines’ exit also aligns with a notable Bitcoin price rebound above $117,000, reflecting the market's responsiveness to regulatory changes [7]. Recently, the SEC clarified that certain staking tokens are not classified as securities, signaling a more business-friendly regulatory environment.

As Hines transitions back to the private sector, he has indicated a continued commitment to supporting the U.S. crypto ecosystem [8]. The White House Crypto Council, while having made progress in policy development, now faces the challenge of sustaining momentum under new leadership.