Bo Hines, the executive director of former President Donald Trump’s White House Crypto Council, announced his departure from the administration on Saturday, marking the end of his tenure as a key architect of the Trump administration’s digital asset policies. Hines, who previously led Trump’s Council of Advisers on Digital Assets, said he was returning to the private sector.
Under Hines’ leadership, a crypto working group—comprising administration officials—recently outlined Trump’s regulatory vision for digital assets, urging the SEC to craft new rules tailored to cryptocurrencies. The group was formed shortly after Trump took office in January, fulfilling his campaign pledge to overhaul U.S. crypto policy.
In a post on X, Hines called his role “the honor of a lifetime” and praised White House AI & Crypto Czar David Sacks, who reciprocated the appreciation. Hines, a two-time failed congressional candidate from North Carolina, was instrumental in advancing the GENIUS Act, a landmark stablecoin regulation bill signed by Trump last month. The law establishes a framework for dollar-pegged cryptocurrencies, potentially accelerating their adoption for payments.
Hines’ exit comes as the Trump administration continues to shape crypto and AI policies, with his departure signaling a potential shift in strategy as the 2024 election looms. His work on stablecoin regulation and SEC reform leaves a lasting imprint on U.S. digital asset policy.