White House Crypto Council Director Bo Hines Resigns, Deputy Patrick Witt Expected as Successor

09.08.2025 21:38

Bo Hines, Executive Director of the White House Crypto Council, announced his resignation on August 9, 2025, to return to the private sector after eight months leading the Trump administration's cryptocurrency policy efforts. Hines stated his departure was driven by a desire to rejoin the private sector, calling his tenure "the honor of a lifetime" in a public statement where he thanked the crypto community for its unwavering support and claimed the Council positioned America as the crypto capital of the world.

Hines, who assumed the role in December 2024, spearheaded critical initiatives involving digital asset regulation, stablecoin frameworks, and blockchain innovation. His work involved navigating complex debates around crypto's role in financial markets, consumer protection, and U.S. competitiveness. Independent reporter Eleanor Terrett confirmed Hines' deputy director, Patrick Witt—a policy strategist with expertise in financial markets and emerging tech—is expected to succeed him as Executive Director. While Witt's appointment suggests continuity, his leadership may bring subtle policy shifts.

Though stepping down from day-to-day duties, Hines will remain a special government employee focused on artificial intelligence initiatives, collaborating with David Sacks, the White House's AI & Crypto Czar. The transition occurs amid ongoing regulatory uncertainty in the crypto sector, with the Council playing a pivotal role in coordinating federal agency policies. The White House has not yet confirmed the exact transition date but indicated it will occur within coming weeks.