Bo Hines, the Executive Director of the White House Crypto Council under Republican President Donald Trump, announced on Saturday that he will be stepping down from his role and returning to the private sector.
Hines, who led President Trump’s Council of Advisers on Digital Assets, has been a key figure in shaping the administration’s cryptocurrency policy. Just last month, he played a central role in a cryptocurrency working group that outlined the Trump administration’s vision for new crypto regulations. The group urged the U.S. Securities and Exchange Commission (SEC) to create rules specifically designed for digital assets, marking a major step toward a clearer regulatory framework for the industry.
The working group was formed shortly after Trump took office in January, fulfilling his campaign promise to overhaul U.S. crypto policy. Hines worked closely with David Sacks, the White House’s AI and Crypto Czar, to push forward these initiatives.
“Serving in President Trump’s administration and working alongside our brilliant AI & Crypto Czar @DavidSacks as Executive Director of the White House Crypto Council has been the honor of a lifetime,” Hines wrote in a post on X (formerly Twitter) on Saturday.
Serving in President Trump’s administration and working alongside our brilliant AI & Crypto Czar @DavidSacks as Executive Director of the White House Crypto Council has been the honor of a lifetime. Together, we have positioned America as the crypto capital of the world. I’m…
In response, David Sacks praised Hines for his contributions and leadership, highlighting his role in moving U.S. crypto policy forward.
Hines was also a strong supporter of the recently passed GENIUS Act, a landmark law signed by Trump last month. The legislation creates a regulatory framework for dollar-pegged cryptocurrencies known as stablecoins, which could help them become a mainstream payment method in the United States.
Before his White House role, Hines twice ran unsuccessfully for Congress in North Carolina. His departure marks a significant change for the Trump administration’s digital asset team, though his influence on U.S. crypto policy will likely be felt for years to come.
The team at Randomfin is dedicated to bringing you clear, reliable information on payment gateways, blockchain, insurance, loans, and the latest financial news. With deep experience in digital finance, we turn complex topics into simple insights to help you make smart financial decisions every day.
Leave a Reply