White House Crypto Council Head Bo Hines Steps Down to Return to Private Sector

Bo Hines, the executive director of the White House’s Presidential Council of Advisers for Digital Assets, is set to leave his post and return to the private sector, according to a report by journalist Eleanor Terrett [1]. Hines, a former college football player and crypto investor, was appointed to the position by President Trump in December 2024. His departure is expected to mark the end of a high-visibility chapter in the administration’s engagement with the crypto industry [1].

Patrick Witt, Hines’ deputy and current acting director of the Office of Strategic Capital (OSC) at the Department of Defense, is anticipated to succeed him in the role. Witt brings a background in both public service and political campaigns. He previously served as deputy chief of staff at the U.S. Office of Personnel Management during the first Trump administration and ran for Georgia’s 10th congressional district in 2021, receiving a now-retracted donation from Palantir co-founder Peter Thiel. He later ran for Georgia State Insurance Commissioner but was defeated in the Republican primary [1].

Despite his political experience, Witt has no documented history in the crypto industry. However, like Hines, he played college football—quarterbacking Yale’s team and briefly signing with the New Orleans Saints as a free agent [1]. Hines will remain in an advisory role, supporting David Sacks, the White House’s AI and crypto czar, particularly on AI-related initiatives [1].

Hines has been instrumental in fostering dialogue between the White House, the crypto industry, and Congress. In an earlier interview with The Block, he noted having met with more than 150 industry representatives in just three months, emphasizing the importance of bridging policy and industry stakeholders [1]. His approach was seen as a key factor in shaping the administration’s early stance on digital assets.

Witt’s transition to the role suggests continuity in the administration’s engagement with digital assets, though the direction may shift under his leadership. Hines’ departure, while part of the natural turnover of government roles, signals the end of an active and visible phase of the White House’s digital asset strategy [1].

Sources:

[1] White House crypto council head Bo Hines to step down, return to private sector: Report

https://www.theblock.co/post/366234/white-house-crypto-council-head-bo-hines-to-step-down-return-to-private-sector-report?utm_source=rss&utm_medium=rss

[2] Bo Hines To Reportedly Step Down As Crypto Council ...

https://beincrypto.com/bo-hines-to-reportedly-step-down-as-crypto-council-director/