White House Crypto Adviser Bo Hines Announces Departure
By Kanishka Singh, Reuters – August 9, 2025
WASHINGTON — Bo Hines, who served as the head of the Council of Advisers on Digital Assets under former Republican President Donald Trump, has announced his departure from his White House role to return to the private sector.
Hines, 26, made the announcement on Saturday via a post on X, formerly known as Twitter, expressing gratitude for the opportunity to serve in the administration and collaborate with fellow technology officials. He described his tenure as "the honor of a lifetime," highlighting his work alongside David Sacks, the White House’s AI czar, who also praised Hines following the announcement.
Hines led a cryptocurrency working group formed shortly after President Trump took office in January 2025. The group, comprising various administration officials, was tasked with developing the administration’s stance on crypto market legislation and recommending regulatory measures tailored to digital assets. Their efforts culminated in the call for the U.S. securities regulator to establish new rules specific to cryptocurrencies.
One significant milestone during Hines’s tenure was the passage of a law, signed by Trump last month, creating a regulatory regime for dollar-pegged cryptocurrencies, commonly known as stablecoins. This legislation, dubbed the GENIUS Act, was intended to facilitate the adoption of digital assets as a mainstream means of payment and money transfer. Hines was a noted supporter of this legislation.
In addition to his advisory role, Hines has pursued political ambitions. He has twice run unsuccessfully for a congressional seat in North Carolina’s 5th district and is expected to continue his campaign efforts following his White House departure.
The creation of the crypto working group had been a key campaign promise for Trump, emphasizing a comprehensive overhaul of U.S. cryptocurrency policy. Hines’s leadership in this area was pivotal in advancing the administration’s digital asset agenda.
Reporting by Kanishka Singh in Washington; editing by Nia Williams.
About the Author
Kanishka Singh is a breaking news reporter for Reuters based in Washington, DC, covering U.S. politics and national affairs. His work has included coverage of significant events such as the Black Lives Matter movement, U.S. elections, and major national security issues.
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