White House Crypto Council's Executive Director Bo Hines Resigns from Position
Bo Hines, the executive director of the White House Crypto Council, has announced his resignation to return to the private sector after serving less than a year. Hines, who was appointed by President Donald Trump in December 2024, described his role in the council as "the honor of a lifetime" and expressed gratitude to the crypto community.
During his tenure, Hines helped advance key crypto policies such as the GENIUS Act for stablecoin regulation and contributed to the administration’s digital asset framework. His departure comes as the Senate is preparing to consider major crypto legislation (the CLARITY Act), which Hines helped lay the groundwork for by establishing clear policy guidance.
In a recent crypto regulatory report released by President Trump's Working Group on Digital Assets, of which Hines is a member, a series of recommendations addressing market structure, regulatory oversight, banking accessibility, and tax policies related to cryptocurrencies were presented. The proposed U.S. Bitcoin reserve remains a key element of the national strategy, according to Hines.
However, challenges such as regulatory clarity and market stability remain in the future of cryptocurrency in the United States. There are reports indicating that the U.S. Bitcoin reserves may be substantially smaller than previously estimated. Bo Hines, in his departure announcement, noted that through collective efforts, the United States has been established as the "crypto capital of the world."
Patrick Witt, Hines’ deputy and former Pentagon tech official, is expected to succeed him as head of the Crypto Council. In his new role, Hines will join Tether, the world’s largest stablecoin issuer, to help lead its expansion into the U.S. This move aligns with his regulatory experience, as he recently assisted Congress in passing stablecoin regulation.
The evolving crypto landscape is signaling ongoing shifts in policy and strategy with leadership changes within key advisory bodies. A US Stablecoin Bill is expected to be presented within the next two months, further shaping the future of cryptocurrency regulation in the United States.
[1] White House Press Release, Bo Hines Resigns as Executive Director of the White House Crypto Council, August 2025. [2] CoinDesk, Bo Hines Steps Down from White House Crypto Council, August 2025. [3] Cointelegraph, Bo Hines to Leave White House Crypto Council, August 2025. [4] Bloomberg, Bo Hines Joins Tether as U.S. Expansion Lead, August 2025.
Bo Hines, the resigning executive director of the White House Crypto Council, had significant contributions in the arena of finance and technology, particularly in the realm of investing and cryptocurrency. During his tenure, he worked on key policies such as the GENIUS Act for stablecoin regulation, and helped shape the administration’s digital asset framework. Moreover, he was instrumental in creating policy guidance leading up to the Senate's consideration of major crypto legislation (the CLARITY Act), and was involved in a crypto regulatory report that presented recommendations on market structure, regulatory oversight, banking accessibility, and tax policies. His future plans involve joining Tether, the world’s largest stablecoin issuer, to help lead its expansion into the U.S., further illustrating his ongoing involvement with finance and technology, including general-news and politics related to cryptocurrency.
