Key Crypto Advisor Steps Down After 8 Months

Bo Hines, the executive director of the White House Crypto Council under President Donald Trump's administration, announced his resignation on August 9, 2025. The former congressional candidate turned crypto policy leader stated he would transition back to private sector work while maintaining support for digital asset innovation.

Transition Plan and Potential Successor

In his departure statement via social media platform X, Hines emphasized the council's achievements in establishing U.S. crypto leadership. Industry observers suggest deputy director Patrick Witt may assume the vacated position, though no official appointment has been confirmed. The advisory group recently gained attention for its July 2025 report outlining comprehensive digital asset regulations.

Controversy Over Bitcoin Reserve Strategy

——The council faced criticism for its constrained approach to building a national Bitcoin reserve——. While President Trump's January 2025 executive order created the framework, it limited acquisition methods to budget-neutral approaches like asset seizures. Hines had proposed creative solutions including revaluing federal gold holdings at market rates to fund BTC purchases.

Legacy of Regulatory Guidance

During his tenure, the Crypto Council developed 【15 policy recommendations】 for digital asset oversight while coordinating with AI and Crypto Czar David Sacks. The group's work established protocols for crypto taxation, stablecoin issuance, and blockchain integration across government agencies.

Private Sector Return With Continued Advocacy

Hines' departure follows the council's most active policy period, including last month's 87-page regulatory blueprint. The former director indicated he would remain involved in cryptocurrency development through unspecified private ventures, stating the industry requires "sustained engagement across both public and private institutions."