Key Takeaways
Bo Hines departed his role as the White House Crypto Council’s Executive Director to return to the private sector.
The Crypto Council advanced initiatives such as the Crypto Summit, Genius Act, and Digital Assets Report under Hines’s leadership.
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After eight months on the job, Bo Hines, Trump’s pick last December to head the Presidential Council of Advisers for Digital Assets, said Saturday he’s resigning. The White House’s top crypto adviser will head back to the private sector but pledged to keep backing the crypto ecosystem.
Serving in President Trump’s administration and working alongside our brilliant AI & Crypto Czar @DavidSacks as Executive Director of the White House Crypto Council has been the honor of a lifetime. Together, we have positioned America as the crypto capital of the world. I’m…
— Bo Hines (@BoHines) August 9, 2025
“Thank you Bo Hines for doing an amazing job with the first-ever Crypto Council,” said White House AI and crypto czar David Sacks in a statement. “Huge accomplishments with the Crypto Summit, Genius Act, and Digital Assets Report. As you pursue your next chapter, I look forward to being able to draw on your expertise and advice.”
Patrick Witt, the council’s deputy director, is expected to succeed Bo Hines as Executive Director following Hines’ resignation.
According to Sacks, Witt and Harry Jung, the CFTC’s senior policy adviser on crypto, DeFi, and digital assets, will take charge of putting the Crypto Council’s recommendations into action and pushing the Clarity Act through.
During his tenure, Hines pushed to make the US the “crypto capital of the world,” driving a pro-innovation regulatory agenda. He oversaw the release of a sweeping July 2025 report mapping out a market-friendly framework for digital asset oversight and coordinated across federal agencies to strengthen blockchain policy and innovation.
Hines also championed the creation of a national Bitcoin strategic reserve, promoting budget-neutral acquisition methods such as reallocating seized assets and revaluing gold holdings.
His tenure saw efforts to dismantle previous regulatory barriers and encourage crypto companies to return to the US, while positioning the country to compete in the digital economy.
Although the national Bitcoin reserve plan drew mixed responses over its slow pace and limited transparency, Hines is credited with setting a strategic course and laying the policy foundations for ongoing federal crypto initiatives.
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