There have been leadership changes within the U.S. crypto council: Bo Hines is departing for the private sector, with Patrick Witt stepping in.
Exit of Bo Hines
Bo Hines will leave his position as head of the Presidential Council for Digital Assets. He confirmed his departure on platform X, stating he will continue to support the growth of the U.S. crypto ecosystem.
Patrick Witt as New Leader
Patrick Witt, Hines' deputy, is expected to take over. Previously serving as Deputy Chief of Staff at the U.S. Office of Personnel Management, Witt returns to government service in the crypto council's leadership role. Despite lacking direct experience in the crypto sector, his background in policy and national security may prove beneficial.
Future of the Crypto Council
The leadership transition within the crypto council presents an opportunity for effective coordination between the government and the crypto industry. Witt's connections and experience will likely aid in advancing federal digital asset policy.
The upcoming changes in the Crypto Council under Witt's direction are expected to maintain the current collaboration with the industry and potentially drive innovations in crypto technologies.
