Bo Hines, executive director of US President Donald Trump’s White House Crypto Council, has resigned. The announcement came on Saturday.
Hines, appointed in December 2024, said he is leaving to rejoin the private sector. In his statement, he thanked the cryptocurrency community for its support.
“Serving in President Trump’s administration and working alongside our AI & Crypto Czar, David Sacks, as Executive Director of the White House Crypto Council, has been the honor of a lifetime,”
Hines said.
“Together, we have positioned America as the crypto capital of the world.”
The White House Crypto Council advises on digital asset regulation and national cryptocurrency strategy. No official replacement has been announced.
Patrick Witt Expected to Take Interim Leadership
According to independent cryptocurrency reporter Eleanor Terrett, Patrick Witt, deputy director of the White House Crypto Council, is likely to become acting director.
In July 2025, the council released a regulatory action plan for digital assets in the United States. The report detailed policy proposals for cryptocurrency regulation, compliance, and market oversight.
Some observers pointed to limited progress on the strategic Bitcoin reserve initiative. This plan has been a key focus since the administration began its cryptocurrency policy rollout.
Executive Order on Strategic Bitcoin Reserve
President Trump signed an executive order in January 2025 to establish a strategic Bitcoin reserve and a national cryptocurrency stockpile.
The order prohibits selling any Bitcoin already held by the federal government. It also directs the US Treasury Department and Department of Commerce to use budget-neutral strategies to add more Bitcoin to the reserve. Budget-neutral strategies include asset seizures or other methods that do not add costs to the federal budget.
Hines’ March 2025 Gold Revaluation Proposal
In March 2025, Hines suggested revaluing the government’s gold holdings to help expand the strategic Bitcoin reserve.
The US currently values its gold at $42.22 per troy ounce, while the market price is about $3,400 per ounce. Revaluation would reflect the current market value of the gold.
Hines proposed that part of the revalued gold could be converted into Bitcoin. This would increase the reserve size without creating a direct budget expense.
