Bo Hines, who has been leading the White House’s crypto council under President Donald Trump, announced on August 9 that he is stepping away from the position to return to private industry.
In a post on X, Hines said, “Serving in President Trump’s administration and working alongside our brilliant AI & Crypto Czar, David Sacks, as Executive Director of the White House Crypto Council, has been the honor of a lifetime”.
Since January, Hines has been responsible for leading discussions between the government and the crypto industry.
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He worked with companies, developers, and agencies to develop digital asset policies and helped publish a report that outlines how the administration plans to handle crypto going forward.
He also played a key part in passing the GENIUS Act, which sets rules for stablecoins backed by the US dollar. Under Hines’ leadership, the council also released a report on digital asset policy, though it did not mention anything about creating a national Bitcoin
Hines first took on the role in December 2024. During his time in office, he worked closely with David Sacks, who oversees artificial intelligence (AI) and crypto policy for the administration.
Though no official replacement has been confirmed, reporter Eleanor Terrett stated on X that Patrick Witt, the council’s deputy director, is likely to step into the role. Until a decision is made, the council will continue its usual work.
Meanwhile, President Trump recently announced plans to sign an executive order to investigate claims that banks unfairly dropped crypto firms and conservative groups. What does the order include? Read the full story.
