Bo Hines Quits White House Crypto Job, Patrick Witt to Lead

TheCryptoTimesОпубліковано о 2025-08-04Востаннє оновлено о 2025-08-10

Bo Hines, head of the White House’s Presidential Council of Advisers for Digital Assets, will step down from his role and return to the private sector, according to journalist Eleanor Terrett.

🚨SCOOP: @BoHines, Executive Director of the White House Crypto Council, is stepping down to return to the private sector.

Hines, who previously worked as a partner at a growth equity firm before joining the Trump administration, will remain on as a special government employee…
— Eleanor Terrett (@EleanorTerrett) August 9, 2025

Hines, a former college football player and crypto investor, has led the council, often referred to as the “crypto council,” since his appointment by President Donald Trump in December 2024.

Patrick Witt, Hines’ current deputy, is expected to succeed him, Terrett reported. Hines will remain in an advisory capacity, assisting White House AI and Crypto czar David Sacks on artificial intelligence initiatives.

Hines confirmed his departure in a post on X, saying he looks forward to continuing his support for the U.S. crypto industry from outside government. During his tenure, Hines positioned the council as a link between White House policy, the crypto sector, interagency activity, and lawmakers on Capitol Hill.

Serving in President Trump’s administration and working alongside our brilliant AI & Crypto Czar @DavidSacks as Executive Director of the White House Crypto Council has been the honor of a lifetime. Together, we have positioned America as the crypto capital of the world. I’m…
— Bo Hines (@BoHines) August 9, 2025

Witt, who has served as deputy director of the crypto council and as acting director of the Office of Strategic Capital at the Department of Defense, previously worked as Deputy Chief of Staff of the U.S. Office of Personnel Management during the first Trump administration. He does not have direct experience in the crypto industry.

In politics, Witt ran for Georgia’s 10th Congressional District in 2021, receiving a donation from Palantir co-founder Peter Thiel before returning the funds after withdrawing to run for Georgia State Insurance Commissioner.

He lost in the Republican primary. Witt rejoined public service in 2025, taking on dual roles at the crypto council and the Pentagon’s investment office for emerging technologies.

Both Hines and Witt share a background in college football. Hines played at North Carolina State University and Yale, while Witt quarterbacked at Yale and briefly signed with the NFL’s New Orleans Saints as a free agent. Witt withdrew from consideration for a Rhodes Scholarship after an informal complaint of sexual misconduct from an ex-girlfriend, an allegation he has denied.

Hines’ transition comes as the White House continues to shape its approach to digital assets and emerging technologies. His successor will inherit the task of navigating an increasingly complex regulatory and political environment for the crypto sector in Washington.

Also Read: Nexo Hires Lorenzo Pellegrino as Chief Banking Officer

Follow The Crypto Times on Google News to Stay Updated!

Трендові криптовалюти

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

ZRX（0X）ZRX

PancakeSwapCAKE

Пов'язані матеріали

77 Bloody Codes: When the '$5 Wrench' Shatters the Privacy Myth of France's Crypto Elite

**Summary** In the first half of 2026, France recorded 77 violent crimes—including kidnappings, illegal confinement, and extortion—targeting cryptocurrency holders, a 71% increase over the 45 cases in all of 2025. This equates to an attack every 2.3 days, making France a global hotspot for so-called "wrench attacks," where criminals use physical violence to coerce victims into surrendering crypto assets. High-profile cases include the 2025 kidnapping of Ledger co-founder David Balland, who was shown with a severed finger in a ransom video, and an attempted kidnapping of the family of Paymium's CEO in Paris. Prosecutors note these are not isolated incidents but part of structured criminal networks, sometimes involving minors. Several factors contribute to France's vulnerability: a large holder base (approx. 7.3 million people), the presence of major crypto firms and executives, a culture of public disclosure among enthusiasts, and potential data leaks. The trend is spreading across Europe, which now accounts for over 40% of such global attacks. Research indicates a correlation between Bitcoin price surges and increased wrench attacks. In response, French Interior Minister Laurent Nuñez announced a three-pillar action plan focusing on enhanced intelligence sharing, deeper cooperation with the industry association Adan, and improved operational and cross-border coordination. Authorities have made over 200 arrests in the past year. Security experts warn that digital asset safety now extends to the physical world. They advise holders to use hardware wallets, avoid disclosing holdings on social media, enable multi-factor authentication, and report suspicious activity. The situation underscores the urgent need for the crypto community to shift from a "show-off" culture to one of discretion as physical security becomes paramount.

marsbit8 хв тому

77 Bloody Codes: When the '$5 Wrench' Shatters the Privacy Myth of France's Crypto Elite

marsbit8 хв тому

Both OpenAI and Anthropic are 'Developing Their Own Chips' — Beyond Cost, the Control Over Computing Power is Paramount

OpenAI and Anthropic are both advancing plans to develop custom AI chips, driven by the need to control computing power and reduce costs. According to reports, Anthropic is in early-stage development of its own chips and in talks with Samsung for manufacturing, while OpenAI is collaborating with Broadcom and TSMC, aiming to deploy its first inference chip by late 2026. The primary motivation extends beyond just lowering expenses. For these large model companies, chips are core production assets. By designing specialized hardware (ASICs) tailored to their specific model architectures—OpenAI's being more sparse and Anthropic's more dense—they aim to achieve deeper software-hardware co-design. This synergy can significantly improve inference speed, energy efficiency, and overall unit economics, offering advantages that off-the-shelf GPUs cannot. This move does not signify an immediate replacement for suppliers like Nvidia. The process from design to deployment takes 18-24 months, and Nvidia's GPU ecosystem remains deeply entrenched. Instead, custom chips provide a strategic alternative and negotiating leverage, allowing companies to use them for specific, high-volume workloads like inference while still relying on external GPUs and TPUs for other tasks. The trend reflects a broader industry shift where AI competition is evolving from pure algorithmic prowess to integrated control over the entire software-hardware stack. Companies like Google, Amazon, Meta, and Microsoft are already on this path. For foundries like Samsung, securing orders from AI leaders like Anthropic represents a significant opportunity to expand its footprint in the advanced semiconductor market for AI. Ultimately, the race for "computing sovereignty" is now a central battleground for major AI players.

marsbit15 хв тому

Both OpenAI and Anthropic are 'Developing Their Own Chips' — Beyond Cost, the Control Over Computing Power is Paramount

marsbit15 хв тому

Crypto rules are ‘not a favor,’ says SEC, but CLARITY Act still waits

SEC Chairman Paul Atkins defended the agency's push for clear crypto market regulations, stating that providing regulatory clarity is "not a favor" but a necessary requirement for markets to function. He emphasized the SEC's "historic steps" to modernize rules in response to calls to make the U.S. a crypto capital. Despite issuing staff guidance on topics like asset classification and ETFs, the SEC acknowledges past missteps that broke trust and aims to rebuild it through an orderly process for handling numerous filings. However, such guidance, lacking a foundation in codified law, remains vulnerable to legal challenges. Lasting clarity for the industry is seen as dependent on the passage of the CLARITY Act, a comprehensive crypto market structure bill. Although the bill has cleared a key committee, it still awaits a Senate floor vote. With the EU's MiCA framework now active, industry groups are urging the U.S. to pass the CLARITY Act to prevent innovation from moving overseas.

ambcrypto51 хв тому

Crypto rules are ‘not a favor,’ says SEC, but CLARITY Act still waits

ambcrypto51 хв тому

Bearish Clouds Gather as $2.13B in Bitcoin and Ethereum Options Expire

The cryptocurrency market faced a key event on July 3 as $2.13 billion in Bitcoin and Ethereum options expired. Data revealed a defensive sentiment, especially for Ethereum, where a high put-call ratio of 1.29 indicated traders were hedging against further price drops. Bitcoin's put-call ratio was 0.70. Market positioning was concentrated near key levels of $60,000 for Bitcoin and $1,700 for Ethereum. While Bitcoin briefly reclaimed the $60,000 level, analysts remain uncertain if this signals a sustained recovery. Broader market trends, including traditional finance and tokenized stocks, are also influencing sentiment. The options data suggests traders are cautious and preparing for continued volatility rather than a major bullish move. At the time of reporting, Bitcoin traded near $61,932 and Ethereum around $1,738, both with significant liquidations over the preceding 24 hours.

TheNewsCrypto1 год тому

Bearish Clouds Gather as $2.13B in Bitcoin and Ethereum Options Expire

TheNewsCrypto1 год тому

DeepSeek's New Technology Ported to Apple Silicon, Mac Local LLM Accelerated by 60%

DeepSeek's newly open-sourced DSpark inference acceleration technology has been ported to Apple Silicon, yielding significant speedups for running large language models locally on Macs. The port, called mlx-dspark, was developed by engineer Abdur Rahim and supports models like Gemma-4 12B and Qwen3-4B. DSpark uses speculative decoding, where a smaller "draft" model proposes candidate tokens which are then verified in a batch by the target model. Rahim adapted this approach for Apple's MLX framework, implementing 4-bit quantization for the draft model. On an M4 Pro Mac, this resulted in generation speeds increasing by approximately 1.6x for Gemma-4 12B (to ~30 tok/s) and 1.4x for Qwen3-4B (to ~73 tok/s). Crucially, the port maintains bitwise identical output to the original models, including support for temperature sampling, not just greedy decoding. The project also integrated DFlash, an alternative block-based speculative decoding method from z-lab. Benchmarks show DFlash excels in predictable contexts like code/math tasks (achieving ~2.1x speedup), while DSpark's Markov head provides better performance for open-ended chat. The latest mlx-dspark version allows users to switch between these methods. The work demonstrates efficient, high-fidelity local LLM inference on consumer Apple hardware.

marsbit1 год тому

DeepSeek's New Technology Ported to Apple Silicon, Mac Local LLM Accelerated by 60%

marsbit1 год тому

Торгівля

Спот

Обговорення

Ласкаво просимо до спільноти HTX. Тут ви можете бути в курсі останніх подій розвитку платформи та отримати доступ до професійної ринкової інформації. Нижче представлені думки користувачів щодо ціни HOUSE (HOUSE).