A top cryptocurrency strategist at the White House steps down after leading key policies that propelled the U.S. to become a global leader in digital assets, stimulating unprecedented industry momentum and competitive advantage.
Bo Hines Steps Down from Position at the White House, Reflects on America's Progress Towards Global Leadership in Cryptocurrency
White House Cryptocurrency Council Executive Director Bo Hines announced on social media platform X on August 9, 2025, that he will resign and return to the private sector. “Serving in President Trump's administration and working alongside our brilliant AI & Cryptocurrency Chief David Sacks as Executive Director of the White House Cryptocurrency Council has been the greatest honor of my life,” Hines stated, explaining:
Together, we have placed America at the center of the world's cryptocurrency landscape.
“I am immensely grateful to the industry for the unwavering support — I love this community and all that we have built together. As I return to the private sector, I look forward to continuing to support the cryptocurrency ecosystem as it thrives in the U.S.,” he added.
Appointed by President Donald Trump in January 2025, Hines held this position until August 2025 and was tasked with helping the U.S. become a global leader in digital assets. His projects included developing policies on stablecoin regulation and overseeing broader digital asset oversight. He was directly involved in drafting the report published by the President's Task Force on Digital Asset Markets at the end of July 2025. This report made recommendations on digital asset regulation, taxation, and banking rules.
Sacks praised Hines's work:
Thank you, Bo Hines, for your excellent work with the first Cryptocurrency Council. Major achievements with the Cryptocurrency Conference, the Genius Act, and the Digital Assets Report. As you pursue the next chapter, I look forward to leveraging your knowledge and advice.
“We will miss Bo greatly, but fortunately, we have a strong team at the White House, with Patrick Witt and Harry Jung ready to take on and implement the recommendations of the Cryptocurrency Council and help us through the Clarity Act,” Sacks noted. Witt is the executive director of the President's Advisory Council on Digital Assets and the acting director of the Defense Department's Capital Strategy Office, while Jung is the senior policy advisor for the President's Advisory Council on Digital Assets. Industry advocates argue that the progress made under Hines's leadership has strengthened the nation's competitive position in the global cryptocurrency market.
