Bo Hines Steps Down from Crypto Council Role

Bo Hines, head of the Presidential Council of Advisers for Digital Assets, commonly referred to as the 'crypto council', will resign and return to the private sector. This news comes from journalist Eleanor Terrett. According to Terrett, who hosts the Crypto in America podcast, Hines' deputy, Patrick Witt, is set to succeed him. Hines will still contribute in an advisory capacity, assisting the White House's AI and Crypto czar, David Sacks, with AI initiatives. Hines announced his decision in a post on X, stating he looks forward to supporting the U.S. crypto ecosystem as he transitions back to the private sector. Initially appointed by President Trump in December 2024, Hines had already connected with 150 individuals in the crypto space just three months into the role. He described his office's function as a bridge between White House policy and the crypto industry. Patrick Witt, Hines' reported successor, previously served as Deputy Chief of Staff at the U.S. Office of Personnel Management during Trump's first term. Witt also ran for Congress in Georgia's 10th district in 2021 but ultimately dropped out. He returned to public service in 2025, holding two crucial roles: deputy director of the crypto council and acting director of the Office of Strategic Capital at the Department of Defense. Witt, much like Hines, played college football, having quarterbacked for Yale. His candidacy for a Rhodes Scholarship was withdrawn following sexual misconduct allegations from an ex-girlfriend, which he denied. This information has been updated as of August 9, 2025, with Hines' statement included.