Breaking: White House Crypto Adviser Bo Hines Resigns – What’s Next for Digital Asset Policy?

The Biden administration’s crypto point man just walked out the door. Bo Hines—the White House’s go-to for digital asset policy—abruptly stepped down today, leaving regulators scrambling and traders speculating.

Timing couldn’t be worse. With Congress still dragging its feet on clear crypto legislation, Hines’ exit throws another wrench into Washington’s dysfunctional relationship with blockchain innovation. Sources say the departure was "amicable"—which in DC-speak usually means someone’s about to launch a hedge fund.

Market reaction? A collective shrug from Bitcoin holders who’ve seen this movie before. After all, when has government talent retention ever moved crypto prices? (Spoiler: never.)

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.”

Also Read: Bitcoin Nears $122K, ethereum Hits 2021 High on Trump News