Hines Spearheaded Federal Policy Reforms and Advanced the Plan for a National Bitcoin Reserve.

Key Takeaways

• Bo Hines departed his role as the White House Crypto Council’s Executive Director to return to the private sector.
• The Crypto Council advanced initiatives such as the Crypto Summit, Genius Act, and Digital Assets Report under Hines’s leadership.

After eight months on the job, Bo Hines, Trump’s pick last December to head the Presidential Council of Advisers for Digital Assets, announced his resignation. The White House’s top crypto adviser will return to the private sector but pledged to support the crypto ecosystem.

> Serving in President Trump’s administration and working alongside our brilliant AI & Crypto Czar @DavidSacks as Executive Director of the White House Crypto Council has been the honor of a lifetime. Together, we have positioned America as the crypto capital of the world. I’m…
> — Bo Hines (@BoHines) August 9, 2025

> “Thank you Bo Hines for doing an amazing job with the first-ever Crypto Council,” said White House AI and crypto czar David Sacks in a statement. “Huge accomplishments with the Crypto Summit, Genius Act, and Digital Assets Report. As you pursue your next chapter, I look forward to being able to draw on your expertise and advice.”

Patrick Witt, the council’s deputy director, is expected to succeed Bo Hines as Executive Director. Following Hines’ resignation, Witt and Harry Jung, the CFTC’s senior policy adviser on crypto, DeFi, and digital assets, will oversee the implementation of the Crypto Council’s recommendations and advocate for the Clarity Act.

During his tenure, Hines aimed to establish the US as the “crypto capital of the world,” promoting a pro-innovation regulatory agenda. He authored a notable July 2025 report outlining a market-friendly framework for digital asset oversight and coordinated efforts across federal agencies to strengthen blockchain policy and innovation.

Hines also advocated for the creation of a national Bitcoin strategic reserve, recommending budget-neutral acquisition methods such as reallocating seized assets and revaluing gold holdings.

His tenure focused on dismantling existing regulatory barriers to encourage crypto companies to return to the US, positioning the country to compete in the digital economy. Although the national Bitcoin reserve plan faced criticism for its slow pace and limited transparency, Hines is recognized for establishing a strategic direction and laying the groundwork for ongoing federal crypto initiatives.