On October 7th, Bo Hines, executive director of the Crypto Council at the White House, announced his resignation from the position to return to the private sector.
Bo Hines' Departure
Bo Hines, appointed by President Donald Trump in December 2024, announced his resignation from his advisory role to return to the private sector. Hines thanked the digital asset community for its ‘unwavering’ support during his tenure.
Role in the Crypto Council and Achievements
During his tenure, Hines introduced a comprehensive report in July outlining regulatory action plans for U.S. digital assets. While the council was praised for its policy engagement, critics voiced dissatisfaction with the proposed strategic Bitcoin reserve. Additionally, Hines suggested creative approaches to growth, including revaluing U.S. gold holdings.
Future of the White House Crypto Council
The White House has not yet appointed a new director, though independent crypto journalist Eleanor Terrett reported that Patrick Witt, the council’s deputy director, is expected to take over. Hines’ departure comes as the administration intensifies efforts to position the U.S. as a leader in cryptocurrency and blockchain technologies.
Bo Hines' resignation marks a new chapter for the White House Crypto Council, which will continue its work in shaping policy for digital assets and market regulation.
