10.08.2025 00:22

Bo Hines, the Executive Director of the White House's Presidential Council of Advisers for Digital Assets, is departing his post this month, marking a significant shift in the administration's approach to cryptocurrency policy. News of his resignation broke via a scoop from journalist Eleanor Terrett, highlighting Hines' return to the private sector after a tenure of almost eight months. This follows his confirmation of the departure on X, expressing gratitude for the crypto community's support throughout his time in office.

Hines' successor is expected to be Patrick Witt, currently serving as his deputy. Unlike Hines, who boasts a background in growth equity and prior experience within the Trump administration, Witt lacks a direct history in the cryptocurrency industry. This appointment signals a potential change in strategic direction for the White House's crypto initiatives.

Despite his departure from the executive director role, Hines' involvement with the administration will continue. He will serve as a special government employee, advising David Sacks, the White House's AI and Crypto czar, on AI-related projects. This advisory capacity will allow him to maintain engagement with the digital asset landscape while pursuing opportunities in the private sector.

President Trump originally appointed Hines to the position in December 2024. During his time in office, Hines actively fostered communication between policymakers and the crypto industry, engaging with over 150 industry leaders in his first three months. He described his role as bridging the gap between White House policy, various government agencies, and Capitol Hill, underscoring his efforts to strengthen relationships within the digital asset ecosystem.