Bo Hines Steps Down as White House Crypto Council Director 🇺🇸💱

[etfs]

Bo Hines, Executive Director of the White House Crypto Council under President Trump, has announced he’s stepping down to return to the private sector — but says he’ll continue supporting the crypto industry.

Hines, appointed in Dec 2024, worked closely with AI & Crypto Czar David Sacks to push America toward becoming the “crypto capital of the world.”

“Serving in President Trump’s administration… has been the honor of a lifetime,” Hines wrote.

What’s next?

No official successor yet, but reporter Eleanor Terrett says Deputy Director Patrick Witt is the likely pick.

The Council published a major US digital asset regulatory action plan in July.

Critics say the group under-delivered on the strategic BTC reserve plan.

BTC Strategic Reserve Backstory:

In Jan, Trump signed an Executive Order creating a national Bitcoin reserve.

The order:

    No selling of US-held BTC

    Only “budget-neutral” BTC accumulation (e.g., asset seizures)

In March, Hines floated revaluing US gold reserves (currently on books at $42.22/oz vs ~$3,400 spot) and converting part into BTC — effectively boosting the reserve without hitting taxpayers.

Why it matters:
Hines has been a key advocate for building the US government’s BTC holdings through creative funding methods. His exit could shift the tone and speed of BTC reserve policy.

TL;DR:
Bo Hines is out as White House Crypto Council Director, likely to be replaced by Patrick Witt. His budget-neutral BTC reserve strategy (including gold revaluation) now sits in the hands of whoever takes the wheel next.

Do you think his departure slows down the BTC reserve push — or does Trump double down?

[jacson4]

This is a big shake-up for the White House Crypto Council. Bo Hines wasn’t just a figurehead — he played a central role in pushing the budget-neutral BTC reserve concept, which was one of the more innovative ideas to come out of the administration’s crypto strategy. Revaluing US gold reserves and using that to build the BTC stash without hitting taxpayers was bold, and now that plan’s momentum could be at risk.
If Patrick Witt does step in, the real question is whether he has the same vision and political will to keep that plan alive. The US finally started treating Bitcoin as a strategic asset, and slowing down now could mean losing ground to other nations that are accumulating aggressively.
Bo’s departure might open the door for changes — hopefully it’s a “double down” moment rather than a slowdown.

[Nahid10]

Bo Hines leaving is a huge moment for US crypto policy. Love him or hate him, he brought serious energy to the BTC strategic reserve idea and actually tied it into broader financial policy, like the gold reserve revaluation concept. That’s rare in politics — connecting legacy assets with digital ones in a realistic way.
Without him, the direction of the Council will depend on who takes over. If it’s Patrick Witt as rumored, we’ll see quickly whether the priority stays on building national BTC reserves or shifts toward softer, slower regulatory work.
The US has a chance to lead the world in sovereign BTC holdings, but leadership changes like this are where momentum can be lost. Let’s hope this isn’t one of those moments.