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Hines Steps Down, Marks a Milestone Era for U.S. Digital Asset Policy 🚀🇺🇸
Bo Hines, the Executive Director of the White House Cryptocurrency Council, has officially announced his resignation, ending an impactful tenure that helped position the United States as a dominant force in the global digital asset space.
On August 9, 2025, Hines revealed on social platform X that he would be leaving public service to return to the private sector. Reflecting on his journey, he shared:
"Serving in President Trump’s administration and collaborating with our exceptional AI & Cryptocurrency Chief, David Sacks, has been the greatest honor of my career. Together, we’ve put America at the heart of the global cryptocurrency movement. I’m deeply thankful for the industry’s unwavering support and look forward to continuing my involvement in this thriving ecosystem.”
Appointed in January 2025, Hines played a pivotal role in shaping national crypto policies, including stablecoin regulation frameworks and broader oversight measures for digital assets. His leadership was instrumental in producing the President’s Task Force on Digital Asset Markets report in July 2025, which offered strategic recommendations on regulation, taxation, and banking integration for the crypto industry.
David Sacks commended Hines’s contributions, highlighting major accomplishments such as the Cryptocurrency Conference, the Genius Act, and the Digital Assets Report. “We will miss Bo greatly, but our strong team — including Patrick Witt and Harry Jung — is ready to carry forward the Council’s recommendations and advance the Clarity Act,” Sacks noted.
Witt currently serves as Executive Director of the President’s Advisory Council on Digital Assets and Acting Director of the Defense Department’s Capital Strategy Office, while Jung is the Senior Policy Advisor for the Advisory Council.
Industry leaders agree that under Hines’s guidance, the U.S. significantly boosted its competitive edge in the global cryptocurrency market — setting the stage for continued innovation and leadership.
#Bitcoin $BTC $ETH $BNB
On August 9, 2025, Hines revealed on social platform X that he would be leaving public service to return to the private sector. Reflecting on his journey, he shared:
"Serving in President Trump’s administration and collaborating with our exceptional AI & Cryptocurrency Chief, David Sacks, has been the greatest honor of my career. Together, we’ve put America at the heart of the global cryptocurrency movement. I’m deeply thankful for the industry’s unwavering support and look forward to continuing my involvement in this thriving ecosystem.”
Appointed in January 2025, Hines played a pivotal role in shaping national crypto policies, including stablecoin regulation frameworks and broader oversight measures for digital assets. His leadership was instrumental in producing the President’s Task Force on Digital Asset Markets report in July 2025, which offered strategic recommendations on regulation, taxation, and banking integration for the crypto industry.
David Sacks commended Hines’s contributions, highlighting major accomplishments such as the Cryptocurrency Conference, the Genius Act, and the Digital Assets Report. “We will miss Bo greatly, but our strong team — including Patrick Witt and Harry Jung — is ready to carry forward the Council’s recommendations and advance the Clarity Act,” Sacks noted.
Witt currently serves as Executive Director of the President’s Advisory Council on Digital Assets and Acting Director of the Defense Department’s Capital Strategy Office, while Jung is the Senior Policy Advisor for the Advisory Council.
Industry leaders agree that under Hines’s guidance, the U.S. significantly boosted its competitive edge in the global cryptocurrency market — setting the stage for continued innovation and leadership.
#Bitcoin $BTC $ETH $BNB
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