Crypto Shakeup: Why Did Trump’s Top Bitcoin Advisor Bo Hines Suddenly Walk Away From America’s Biggest Crypto Ambition?
Ever wonder what it takes to steer a nation’s crypto ambitions straight into the heart of innovation—and then suddenly decide to step away? Bo Hines, once the trailblazing Executive Director of the White House Crypto Council under Trump, did just that. After spearheading some of the most pivotal federal moves to crown the U.S. as the “crypto capital of the world” and pushing for a bold national Bitcoin reserve, Hines has now hung up his official badge to venture back into the private sector. But here’s the twist—his departure doesn’t signal a retreat; rather, it opens a new chapter for ongoing federal crypto initiatives that he helped lay the groundwork for. As the digital currency landscape shifts and adapts, the question remains: who will pick up the torch, and how will these foundational efforts shape the future of American crypto policy? Dive in to find out what this means for the market, innovation, and the ever-evolving dance between regulation and technology. LEARN MORE.
Hines spearheaded federal policy reforms and advanced the plan for a national Bitcoin reserve.
Photo: Chris Seward
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.
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After eight months on the job, Bo Hines, Trump’s pick last December to head the Presidential Council of Advisers for Digital Assets, said Saturday he’s resigning. The White House’s top crypto adviser will head back to the private sector but pledged to keep backing 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.
According to Sacks, Witt and Harry Jung, the CFTC’s senior policy adviser on crypto, DeFi, and digital assets, will take charge of putting the Crypto Council’s recommendations into action and pushing the Clarity Act through.
During his tenure, Hines pushed to make the US the “crypto capital of the world,” driving a pro-innovation regulatory agenda. He oversaw the release of a sweeping July 2025 report mapping out a market-friendly framework for digital asset oversight and coordinated across federal agencies to strengthen blockchain policy and innovation.
Hines also championed the creation of a national Bitcoin strategic reserve, promoting budget-neutral acquisition methods such as reallocating seized assets and revaluing gold holdings.
His tenure saw efforts to dismantle previous regulatory barriers and encourage crypto companies to return to the US, while positioning the country to compete in the digital economy.
Although the national Bitcoin reserve plan drew mixed responses over its slow pace and limited transparency, Hines is credited with setting a strategic course and laying the policy foundations for ongoing federal crypto initiatives.
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