10-8-2025 – Bo Hines, executive director of President Donald Trump’s White House Crypto Council, announced his resignation on Saturday, citing a return to the private sector. Appointed in December 2024, Hines led efforts to shape U.S. digital asset policy, including a July 2025 report outlining regulatory frameworks for cryptocurrencies.
Under Hines’ leadership, the council advocated for budget-neutral strategies to bolster the U.S. Bitcoin strategic reserve, established by Trump’s January executive order. Hines proposed revaluing U.S. gold holdings—currently priced at $42.22 per troy ounce against a $3,400 market value—to fund Bitcoin acquisitions without straining public budgets. Critics, however, argue the council fell short on delivering a robust strategic Bitcoin reserve, with limited transparency on current holdings.
Independent crypto reporter Eleanor Terrett indicated Patrick Witt, Hines’ deputy, is likely to succeed him. The council’s work, including support for the GENIUS Act for stablecoin regulation, has positioned the U.S. as a crypto hub, though some industry observers note ongoing uncertainties in federal Bitcoin policy could affect market confidence.
