{"id":14884,"date":"2025-08-10T09:01:02","date_gmt":"2025-08-10T07:01:02","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=14884"},"modified":"2025-08-10T09:01:02","modified_gmt":"2025-08-10T07:01:02","slug":"bo-hines-resigns-from-position-as-head-of-white-house-crypto-council","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/10\/bo-hines-resigns-from-position-as-head-of-white-house-crypto-council\/","title":{"rendered":"Bo Hines Resigns from Position as Head of White House Crypto Council"},"content":{"rendered":"

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Bo Hines, the managing director of US president Donald Trump\u2019s White House Crypto Council, declared he is resigning on Saturday.<\/p>\n

Hines, who was designated by the president<\/a> to head the advisory committee in December 2024, mentioned he is leaving to return to the private sector and expressed gratitude to the crypto community for its \u201csteadfast\u201d support. He stated<\/a> on Saturday:<\/p>\n

\u201cBeing part of President Trump\u2019s administration and collaborating with our extraordinary AI & Crypto Czar, David Sacks, as Executive Director of the White House Crypto Council, has been the privilege of a lifetime. Together, we have established America as the crypto capital of the globe.\u201d<\/p><\/blockquote>\n

Source: <\/em>Bo Hines<\/em><\/a><\/figcaption><\/figure>\n

While a replacement has not yet been announced, independent crypto journalist Eleanor Terrett noted<\/a> that Hines\u2019 deputy director, Patrick Witt, is expected to be appointed to the role.<\/p>\n

The White House Crypto Council released a thorough document<\/a> suggesting a regulatory strategy<\/a> for digital assets in the US in July. Although the advisory group has played a crucial role in shaping policy initiatives, skeptics assert that the council fell short on the strategic BTC reserve<\/a>.<\/p>\n

\"Bitcoin
Bo Hines, seen to the left of US President Donald Trump, who stands in the center, following the release of the advisory group\u2019s crypto report. Source: <\/em>Bo Hines<\/em><\/a><\/figcaption><\/figure>\n

Related: <\/strong><\/em>Donald Trump to proceed with Bitcoin reserve \u2018in short order\u2019 \u2014 Bo Hines<\/strong><\/em><\/a><\/p>\n

Hines promoted BTC accumulation through budget-neutral approaches<\/h2>\n

President Trump issued an executive order creating a Bitcoin strategic reserve<\/a> and a national crypto reserve in January. However, the order restricted the government\u2019s methods for acquiring additional BTC.<\/p>\n

The executive decree<\/a> prohibits the federal government from selling any of the US government\u2019s accumulated BTC and instructs the Treasury Department and the Commerce Department to identify \u201cbudget-neutral\u201d methods for acquiring more of the digital asset.<\/p>\n