Bo Hines Steps Down At The Peak Of America's Crypto Revolution

Just as the United States is entering into a new chapter of its crypto policy, a crucial member of this revolution has just announced his sudden resignation from the Trump administration.

In an announcement on Saturday, the executive director of President Donald Trump's White House Crypto Council announced that he would be stepping down to rejoin the private sector.

During his official statement, Hines thanked the crypto community for its unwavering support, saying

"Serving President Trump's administration adn working alongside our brilliant AI & Crypto Czar, David Sacks as Executive Director of the White House Crypto Council, has been the honor of a lifetime. Together, we have positioned America as the crypto capital of the world."

While there are currently no successors in Hine's role, but it is speculated that Hine's deputy director Patrick Witt will most likely be the most likely candidate.

During his tenure, Hines met with key industry stakeholders, coordinated interagency discussions on stablecoin oversight and market integrity and oversaw the release of a policy framework outlining the administration's next step for digital asset in the U.S.

Under Hines’ guidance, the White House Crypto Council released a landmark policy report in July recommending a comprehensive regulatory roadmap for digital assets in the U.S.

Despite all of its contributions to shaping the American crypto landscape, the advisory group has been criticised for underdelivering on the strategic BTC reserve.

BTC Strategic Reserve: A Work in Progress

President Trump signed an executive order in January establishing both a strategic Bitcoin reserve and a national crypto stockpile.

However, the directive restricts the federal government from selling its bitcoin holdings and mandates that any additional BTC must be acquired through “budget-neutral” measures—such as asset forfeitures—rather than taxpayer expense.

In a notable policy suggestion this March, Hines advocated for the revaluation of U.S. gold reserves, which are currently valued at just $42.22 per troy ounce despite a spot market price closer to $3,400 per ounce.

He proposed that a portion of these revalued gold holdings could be converted to bitcoin, strategically boosting the nation’s crypto reserve without increasing the federal budget burden.

What’s Next for the Crypto Council?

Hines leaves behind a council that has shaped the regulatory conversation surrounding digital assets but also faces mounting pressure to deliver on bold promises—particularly related to the federal government’s approach to bitcoin accumulation.

As the White House prepares for new leadership in its crypto advisory group, industry observers will be watching closely to see if Hines’ successor can maintain the momentum while navigating complex challenges in this rapidly evolving sector.