Tuesday, January, 21, 2025

Bo Hines Steps Down as US Crypto Chief, Patrick Witt to Take Over Leadership

Bo Hines steps down as US crypto council chief, with deputy Patrick Witt set to lead the administration’s crypto policy.
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Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.
  • Bo Hines resigns, Patrick Witt to head US crypto council.
  • Crypto policy shift as Patrick Witt replaces departing Bo Hines.
  • White House crypto council sees leadership change from Hines to Witt.

According to Eleanor Terrett, Bo Hines will step down from his position as head of the Presidential Council of Advisers for Digital Assets. The council, often called the crypto council, advises the White House on matters related to digital assets and industry policy. His deputy, Patrick Witt, is expected to replace him as leader.

Hines will also maintain ties with the administration as a consultant. He will collaborate with White House AI and Crypto czar David Sacks on promoting artificial intelligence projects and coordinating efforts in this area.

On X, Hines acknowledged his departure and said he was hopeful of the crypto sector’s future in the United States. He claimed that even after he rejoined the private sector, he would still support the industry’s growth.

President Trump appointed Hines to the position in December 2024. In an interview earlier this year, he explained his job as a conduit between White House policy, industry stakeholders, interagency operations, and lawmakers on Capitol Hill.

During his first three months in office, Hines held meetings with over 150 representatives of the crypto industry. He established the council as a centre of communication between policymakers and the private sector.

Also Read: Ripple vs. SEC Case Ends as Both Parties Drop Appeals; XRP Price Jumps Amid Market Buzz

Patrick Witt to Lead the Next Phase of the Crypto Council

Patrick Witt will succeed him after working as the deputy director of the council since the beginning of 2025. He also heads the Office of Strategic Capital in the Department of Defense, which handles investments in new technologies.

Witt previously served in the first Trump administration as Deputy Chief of Staff at the US Office of Personnel Management. He subsequently joined politics in Georgia where he contested the Congress seat in the 10 th district then the State Insurance Commissioner job.

Witt has a football background like Hines. He was a starting quarterback at Yale University and a short-time free agent with the New Orleans Saints.

Witt does not have direct work experience in the crypto industry, but his experience in top government positions should be instrumental in his leadership.

The transition is expected to be seamless, and the council can continue developing US policies and participating in the digital asset industry at a rapid pace.

Also Read: Trident Digital Tech to Push Ripple’s RLUSD Stablecoin Across Africa

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