White House Crypto Adviser Bo Hines Announces Departure
By Kanishka Singh, Reuters – August 9, 2025
WASHINGTON – Bo Hines, who served as the Executive Director of the White House Council of Advisers on Digital Assets under former President Donald Trump, announced on Saturday that he is stepping down from his position to return to the private sector.
Hines, 26, played a significant role in shaping the Trump administration’s approach to cryptocurrency regulation. Soon after President Trump took office in January 2025, he established a crypto working group to devise new regulatory frameworks for digital assets, fulfilling a key campaign promise to overhaul U.S. crypto policy. Hines led this working group, which consisted of various administration officials tasked with recommending market-defining legislation for the rapidly evolving cryptocurrency landscape.
Last month, the working group under Hines’s leadership publicly outlined the administration’s position on crypto regulations and urged the U.S. Securities and Exchange Commission (SEC) to implement new rules specifically tailored to digital assets. One of the landmark achievements during Hines’s tenure was supporting the passage of the GENIUS Act, legislation signed by Trump that created a regulatory structure for stablecoins—dollar-pegged cryptocurrencies. This law is seen as a milestone that could pave the way for digital currencies to become mainstream tools for payments and money transfers.
In a post on the social media platform X (formerly Twitter), Hines expressed gratitude for his time in public service: “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.” David Sacks, the White House AI czar, responded with praise upon the announcement of Hines’s departure.
Aside from his advisory role, Hines has pursued a political career, having run twice unsuccessfully for Congress in North Carolina’s 5th congressional district. He continues to harbor ambitions of holding elected office in the state.
The departure of Bo Hines marks a transition in the White House’s cryptocurrency policy team as the industry and regulatory landscape continue to evolve. His contributions, particularly in advancing legislation like the GENIUS Act, are likely to have a lasting impact on how digital assets are integrated into the U.S. financial system.
Reporting by Kanishka Singh in Washington; Editing by Nia Williams