Bo Hines, Executive Director of the White House Council of Advisers on Digital Assets, has announced his resignation to return to the private sector.
Appointed by President Donald Trump in December 2024, Hines led efforts to shape U.S. cryptocurrency policy during his eight-month tenure.
His departure marks a significant transition for the council, which has been pivotal in advancing digital asset regulations.
Patrick Witt, the council’s deputy director, is expected to assume leadership, ensuring continuity in ongoing initiatives.
Hines’ resignation comes after significant contributions to U.S. crypto policy, including the release of a comprehensive report in July 2025 outlining regulatory priorities for digital assets.
The report addressed taxation, banking rules, and oversight, aiming to position the U.S. as a global leader in cryptocurrency.
Hines also supported the GENIUS Act, signed into law by Trump in July, which established a regulatory framework for stablecoins to facilitate their use in everyday transactions.
Patrick Witt, a former Pentagon technology official, is poised to take over, with expectations of maintaining the council’s pro-crypto agenda.
Under Hines’ leadership, the council worked to fulfill Trump’s campaign promise to overhaul U.S. crypto policy, including the creation of a national Bitcoin reserve.
Hines collaborated closely with AI and Crypto Czar David Sacks, earning praise for his role in advancing market-friendly regulations.
While no official successor has been named, Eleanor Terrett, an independent crypto reporter, indicated Witt as the likely candidate.
The transition is expected to have minimal immediate impact on the crypto market, with policy continuity anticipated under Witt’s leadership.
Hines, who previously ran unsuccessfully for Congress in North Carolina, will remain a special government advisor, assisting with AI initiatives alongside Sacks.
His tenure saw significant strides in positioning the U.S. as a hub for digital asset innovation.
The council’s efforts, including the GENIUS Act and regulatory proposals, have laid a foundation for future crypto policy.
As Witt steps into the role, the crypto community remains optimistic about sustained progress in blockchain and digital currency development.