Bo Hines, senior advisor to President Trump on digital assets, announced today his resignation and return to the private sector. During his tenure, he played a key role in shaping crypto legislation in the U.S., including support for the GENIUS Act.
Bo Hines announced his resignation on Saturday, August 9, 2025, after less than a year in office where he led the Council of Advisers on Digital Assets of the new Trump administration.
During his tenure, Hines played a central role in pushing policies such as the GENIUS Act, which establishes a regulatory framework for stablecoins, and encouraged the call for the regulator (SEC) to create specific regulations for digital assets.
In his farewell message on X (formerly Twitter), he highlighted the importance of his collaboration with David Sacks, the 'czar of AI and crypto,' and stated that, along with his team, they had positioned the United States as 'the global capital of cryptocurrencies.'
And now what?
Patrick Witt, deputy director of the council, is expected to take over the position, according to reports from journalist Eleanor Terrett.
Hines is expected to remain in contact with the White House as an artificial intelligence advisor, collaborating with Sack in that area.