Bo Hines, the head of the White House Presidential Council of Advisers for Digital Assets, officially announced that he is leaving his position and returning to the private sector.
Hones first made this public on Saturday through a post on X, Hines said his job was an “ honor of a lifetime. Together, we have positioned America as the crypto capital of the world. I’m deeply grateful to the industry for its unwavering support — I love this community and all we’ve built together.”
Hines’ Hustle During his Tenure
Hines worked alongside David Sacks, the White House AI and Crypto Czar under the Trump administration. During his time in the role, Hines helped lead the first White House crypto summit, supported the GENIUS Act to regulate stablecoins, and oversaw the release of the Digital Assets Report.
The GENIUS Act, which was signed into law by President Donald Trump last month, created rules for dollar-pegged cryptocurrencies, therefore making them easier to use for payments and money transfers. Hines backed the bill, he called it a milestone for the industry.
Shortly after Trump took office in January, he created a crypto working group and put Hines in charge of developing new policies. This group also encouraged the U.S. Securities and Exchange Commission to write regulations specifically for digital assets.
Late last month, this working group, which included several top administration officials, shared the Trump administration’s stance on key crypto legislation.
From Football Fields to Policy Floors
Hines is also a former college football player, and has twice ran unsuccessfully for Congress in North Carolina. He first caught Trump’s attention after repeating the president’s false claims that he won the 2020 election. When Hines was appointed to his White House role, he was relatively unknown to crypto leaders and Washington lobbyists but quickly became a notable figure in the policy discussions.
Following his resignation post on X, Sacks praised Hines in a tweet, “As you pursue your next chapter, I look forward to being able to draw on your expertise and advice.”
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