After eight months leading the Presidential Council of Advisers on Digital Assets, Bo Hines announced his resignation from the U.S. Executive Branch advisory group. Hines, appointed in December 2024, played a key role in shaping policy initiatives, including the July 2025 Crypto Summit, the compilation of the Genius Act and the publication of a sweeping Digital Assets Report.
In a public statement, Hines thanked White House AI and Crypto Czar David Sacks for collaborative efforts to position America as a global leader in blockchain innovation. He cited accomplishments such as establishing a market-friendly regulatory framework, coordinating interagency policy reviews and driving early steps toward a national Bitcoin reserve.
A transition plan is underway, with Deputy Director Patrick Witt expected to assume leadership of the council alongside senior CFTC adviser Harry Jung. White House officials have affirmed continuity of the pro-innovation agenda, emphasizing bipartisan momentum for stablecoin legislation and clarity on staking token classifications.
Hines’s departure arrives amid broader efforts to finalize key crypto market structure bills before the August congressional recess. He advocated for amendments to enhance consumer protections, streamline AML compliance for digital asset firms and foster responsible growth of decentralized finance.
The council’s future agenda includes guidance for 401(k) retirement plan access to crypto, frameworks for a strategic Bitcoin reserve and recommendations for streamlined token registration processes. Observers will monitor how leadership changes influence the pace of policy deliverables and the administration’s digital assets strategy.
Comments (0)