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, has stepped down from his role to return to the private sector, according to multiple reports [1][2]. Hines, appointed to the position by President Trump in December 2024, was instrumental in shaping the administration’s early digital asset policy and in facilitating communication between the White House, the crypto industry, and Congress [1]. In a public statement, Hines confirmed his departure, noting that he would continue to support the cryptocurrency industry through new opportunities [2].

During his tenure, Hines held over 150 meetings with representatives from the crypto industry within just three months, demonstrating his commitment to bridging the gap between regulators and industry stakeholders [1]. He worked closely with David Sacks, the administration’s AI and crypto czar, to promote innovation and infrastructure for digital assets. Hines also played a central role in fostering dialogue around regulatory clarity and the strategic importance of the U.S. in the global crypto landscape [1].

Independent crypto reporter Eleanor Terrett suggested that Patrick Witt, Hines’ deputy and acting director of the Office of Strategic Capital at the Department of Defense, is likely to succeed him [2]. Witt has experience in public service and political campaigns but does not have a known background in the crypto industry. His potential appointment may signal a shift in leadership approach, though the administration’s overall engagement with digital assets is expected to remain stable [1].

Hines’ departure marks the end of a visible and active phase in the administration’s engagement with digital assets. His efforts to position the U.S. as the crypto capital of the world have laid the groundwork for continued collaboration between government and industry [2]. As Witt moves closer to assuming leadership, the administration’s policy direction on digital assets may see some evolution, but the core emphasis on fostering innovation and regulatory clarity is expected to persist [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, director of the White House crypto advisory group, steps down

https://cointelegraph.com/news/bo-hines-director-white-house-crypto-group-steps-down