White House Crypto Adviser Bo Hines Departs Trump Administration

Bo Hines, who led President Donald Trump’s Council of Advisers on Digital Assets and served as Executive Director of the White House Crypto Council, announced his departure from the administration to return to the private sector after an eight-month tenure. Hines played a key role in shaping U.S. digital asset policy, including backing the GENIUS Act, which established regulatory frameworks for stablecoins, and helped position the U.S. as a global crypto leader. His departure creates a leadership transition with Patrick Witt, a government-experienced official with limited crypto background, expected to assume acting director duties, signaling a strategic pivot toward institutional infrastructure and integrating Bitcoin as a national asset. The White House Crypto Council under Hines released a comprehensive report outlining regulatory priorities for digital assets, emphasizing balanced innovation and accountability, while recent regulatory changes such as the replacement of SEC Staff Accounting Bulletin 121 with 122 have enhanced clarity for banks offering crypto custody services. These policy shifts, alongside bipartisan legislative efforts like the Lummis-Gillibrand Payment Stablecoin Act and FIT 21, aim to foster regulatory clarity and support U.S. institutional adoption without stifling innovation. Investors are advised to closely watch how these reforms and leadership changes influence market stability, regulatory continuity, and growth opportunities within the evolving crypto ecosystem.