Bo Hines Resigns from White House Crypto Role: Patrick Witt Tapped as Successor

Bo Hines, the Executive Director of the White House Crypto Council, announced his resignation on Saturday, stating that he will return to the private sector. Hines, who was appointed in December 2024 to lead the Council of Advisers on Digital Assets last year, described his time in the role as "the honor of a lifetime" in a recent tweet.

Hines' appointment followed Trump’s early-term executive order to establish the council as part of a broader plan to overhaul US digital asset policy.

During his tenure, Hines' led a working group that produced a 166-page report outlining policy priorities for digital asset regulation, including recommendations for taxation and banking rules, and worked on implementing Trump’s executive order creating a Bitcoin strategic reserve.

Hines also championed the GENIUS Act, a key piece of regulation which was signed into law in July and provided a regulatory framework for stablecoins.

In response to the announcement, Coinbase CEO Brian Armstrong expressed appreciation for all his "hard work", while MARA Holdings CEO and chairman Fred Thiel thanked him for his "hard work serving..the crypto industry."

Hines’ deputy, Patrick Witt, is expected to replace him, journalist Eleanor Terret tweeted. While no official timeline has been announced yet for the transition, Hines will remain as a special government employee to assist with AI initiatives alongside AI and crypto czar David Sacks.

Witt currently serves as the acting director of the Office of Strategic Capital (OSC) at the Department of Defense, a Pentagon office that invests in emerging technologies.

Before his time in government, Witt also played college football at Yale University and briefly signed with the New Orleans Saints.