Breaking: Bo Hines Exits White House Crypto Post – Patrick Witt Steps In as Replacement

Washington shakes up its digital asset leadership as Bo Hines abruptly resigns from his White House crypto role. The administration moves swiftly to name Patrick Witt as his successor—just in time for another round of regulatory theater.

Who’s next in the crypto political carousel?

Witt—a lesser-known but well-connected policy operative—now inherits the unenviable task of bridging the gap between D.C.’s bureaucratic slow-walk and crypto’s breakneck innovation. Good luck threading that needle while Congress still thinks 'DeFi' is a typo.

Meanwhile, Bitcoin barely flinches at the news. Because let’s be honest: when has political musical chairs ever moved the crypto markets? (Unless it’s an 'unexpected' Fed pivot, of course.)

Bo Hines, the Executive Director of the White House crypto Council, announced his resignation on Saturday, stating that he will return to the private sector. Hines, who was appointed in December 2024 to lead the Council of Advisers on Digital Assets last year, described his time in the role as "the honor of a lifetime" in a recent tweet.

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…

Hines' appointment followed Trump’s early-term executive order to establish the council as part of a broader plan to overhaul US digital asset policy.

During his tenure, Hines' led a working group that produced a 166-page report outlining policy priorities for digital asset regulation, including recommendations for taxation and banking rules, and worked on implementing Trump’s executive order creating a Bitcoin strategic reserve.

Hines also championed the GENIUS Act, a key piece of regulation which was signed into law in July and provided a regulatory framework for stablecoins.

Appreciate all your hard work!

In response to the announcement, Coinbase CEO Brian Armstrong expressed appreciation for all his "hard work", while MARA Holdings' CEO and Chairman Fred Thiel thanked him for his "hard work serving..the crypto industry."

Bo - thank you for all your hard work serving our country and the crypto industry. You have had a major impact and I am grateful for what you have accomplished.

Hines’ deputy, Patrick Witt, is expected to replace him, journalist Eleanor Terret tweeted. While no official timeline has been announced yet for the transition, Hines will remain as a special government employee to assist with AI initiatives alongside AI and Crypto Czar David Sacks.

Witt currently serves as the acting director of the Office of Strategic Capital (OSC) at the Department of Defense, a Pentagon office that invests in emerging technologies.

Before his time in government, Witt also played college football at Yale University and briefly signed with the New Orleans Saints.