tl;dr
Bo Hines, who led the Trump administration’s White House Crypto Council since December 2024, is stepping down to return to the private sector. During his tenure, he oversaw key policy initiatives including the push for dedicated crypto regulations and the passage of the GENIUS Act for dollar-pegged ...
Bo Hines, who led the Trump administration’s White House Crypto Council since December 2024, is stepping down to return to the private sector. During his tenure, Hines oversaw several key policy initiatives, including the administration’s push for dedicated crypto regulations and the passage of the GENIUS Act, which established a framework for dollar-pegged stablecoins.
The former college football player was appointed by President Donald Trump to lead the newly formed White House Crypto Council following an executive order aimed at overhauling U.S. digital asset policy. Under Hines’ leadership, the council released a comprehensive digital asset regulatory roadmap and worked on implementing Trump’s executive order to create a Bitcoin strategic reserve. However, the reserve's growth has been limited by budget-neutral acquisition rules, meaning Bitcoin could only be added via asset seizures or other cost-free methods. To navigate this, Hines proposed revaluing U.S. gold holdings to free funds for Bitcoin purchases without affecting the federal budget. In his first three months, he met with over 150 industry representatives, fostering strong ties with the crypto community.
Bo Hines will continue contributing as a special government employee, assisting with AI initiatives alongside AI and Crypto Czar David Sacks. Confirming his departure, Hines expressed gratitude for his time in the administration, emphasizing the progress made in positioning America as the global crypto capital. His deputy, Patrick Witt, is expected to succeed him. Witt, a former Yale quarterback and Pentagon official with a background in defense-related technology investment, has no direct experience in the crypto sector but brings political experience including a congressional run and service as acting director of the Office of Strategic Capital.