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Bo Hines leaves White House Crypto Council and shifts focus to AI
Bo Hines, executive director of the White House Digital Assets Council under President Donald Trump, is preparing to leave his post and return to the private sector. His departure comes shortly after the administration published a comprehensive cryptocurrency policy report outlining a regulatory roadmap for digital assets in the United States.
Independent journalist Eleanor Terrett reported that Patrick Witt, the council’s deputy director and current vice chair, is expected to succeed Hines. Witt previously held senior positions in the Trump administration, including deputy director general of the Office of Personnel Management (OPM), and also ran for elected office in Georgia.
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Although stepping down from his main role, Hines will continue working with the administration as a special government employee, collaborating with David Sacks, the White House AI and Crypto Czar, on artificial intelligence projects.
Contribution to U.S. cryptocurrency policy
Appointed in December 2024, Hines played a key role in developing the White House’s cryptocurrency policy alongside the Digital Assets Working Group. The recently released report proposed legislative and regulatory reforms covering market structure, token classification, taxation, and banking rules for cryptocurrency companies. Although it did not provide specifics on the creation of a Strategic Bitcoin Reserve, Hines confirmed that work on the initiative is ongoing, with plans to leverage the government’s existing 198,022 BTC holdings.
He also proposed “budget-neutral” strategies to expand the reserve, including revaluing U.S. gold holdings — currently recorded far below market prices — and converting part of the revalued assets into Bitcoin. Under President Trump’s executive order, the sale of government-owned BTC is prohibited, and agencies have been directed to find acquisition methods that do not increase the federal budget burden.
Legacy and future outlook
In his farewell statement, Hines called serving in the administration and working with Sacks “the honor of a lifetime,” noting that their efforts positioned the United States as the “crypto capital of the world.” He expressed deep gratitude to the crypto community for its support and pledged to remain active in the industry after returning to the private sector.
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While his departure has prompted speculation about a shift in the White House’s priorities toward AI, Hines’ continued involvement in both crypto and AI projects indicates a dual-track strategy. Patrick Witt will now take on the challenge of advancing the administration’s crypto initiatives while maintaining progress on the strategic Bitcoin reserve.
This leadership change marks a significant milestone in U.S. crypto policy as the administration seeks to balance the development of blockchain innovation with new priorities in artificial intelligence.
Read also: World Liberty Financial seeks public firm for $1.5B treasury
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