White House Crypto Council Chairman Bo Hines Resigns

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Bo Hines Leaves the Position of Presidential Advisory Council on Digital Assets Chair, Patrick Witt Expected to Succeed.

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Bo Hines – a former college football player and crypto investor, who held the position of Chair of the Presidential Advisory Council on Digital Assets (commonly known as the "crypto council") – will officially leave this position to return to the private sector. The information was shared by journalist Eleanor Terrett, drawing significant attention in the US digital currency community.

According to sources, Patrick Witt – the current Vice President of the Council – will replace Hines. Despite leaving the leadership role, Bo Hines will continue to serve as an advisor, supporting David Sacks, the White House's AI and crypto "czar", in initiatives related to artificial intelligence.

On the X platform, Hines confirmed the information and shared: "As I return to the private sector, I hope to continue supporting the robust development of the crypto ecosystem in the United States."

Bo Hines' Short but Vibrant Journey at the White House

Bo Hines was appointed by President Donald Trump in December 2024, immediately after Trump's return to the White House following his election victory at the end of the year. In just the first 3 months of his term, Hines said he met with over 150 figures in the digital currency industry, acting as a "bridge" between White House policy, government agencies, and legislative activities in the US Congress.

Before entering politics, Hines was prominent in college sports, then shifted to crypto investment and quickly made a mark in the financial technology sector.

Patrick Witt – A Successor with a Special Platform

Patrick Witt was previously the Deputy Chief of Staff at the US Office of Personnel Management (OPM) during Trump's first term. In 2021, Witt ran for the US House of Representatives in Georgia but withdrew to run for Georgia State Insurance Commissioner, but failed in the Republican Party's primary.

In 2025, Witt returned to politics with two roles: Vice Director of the crypto council and Acting Director of the Office of Strategic Capital (OSC) at the Pentagon – which invests in advanced technologies. Unlike Hines, Witt has not worked directly in cryptocurrency businesses, but has deep experience in defense management and strategy.

Like Hines, Witt is also a former football player, who served as a quarterback for Yale University and signed a short-term contract with New Orleans Saints in the NFL. However, Witt's academic path was once controversial when he withdrew from a Rhodes Scholarship application after an informal accusation from an ex-girlfriend – which Witt denied.

Broader Context: Trump Administration and Crypto-AI Strategy

Bo Hines' departure from the crypto council chair occurs in the context of Trump's second-term administration strongly pushing policies supporting digital currencies and AI to consolidate America's technological position against global competition. Many sources from Washington suggest that Patrick Witt will continue the "innovation-friendly" approach but may focus more on security aspects and blockchain applications in the defense sector.

In recent months, the White House has also held numerous meetings between high-ranking officials and major technology company leaders, aiming to prepare new legal frameworks for AI and crypto, expected to be announced by the end of 2025.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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