Bye Bye Bo Hines: Is The White House Crypto Crusade Over?

[Redator]

Bo Hines is out as head of the White House Crypto Council. The former college football player and North Carolina congressional candidate announced Saturday that he will leave government service to return to the private sector.

Brought in late last year, Hines became a public point man for the administration’s crypto policy alongside David Sacks. His short tenure included the inaugural White House crypto summit, legislative work on the Genius Act for stablecoin oversight, and the release of the Digital Assets Report.

(X)

Sacks praised Hines’ leadership and hinted at future collaboration. While a successor has not been formally announced, independent journalist Eleanor Terrett reports that deputy director Patrick Witt is the likely choice.

White House Crypto Council’s Work and Its Limits

The White House Crypto Council has played a key role in shaping the administration’s digital asset policy, recently publishing a July report outlining a proposed regulatory framework for U.S. crypto markets.

However, critics argue the council underdelivered on one of its most high-profile goals: a strategic Bitcoin reserve.

(X)

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

The Push for a Strategic Bitcoin Reserve

In January, Trump signed an executive order creating a national Bitcoin reserve and crypto stockpile. The problem is, it isn’t really a reserve. It’s more of we won’t sell the BTC ▲2.22% we have kind of reserve, and buying new BTC like El Salvador or tech companies like MicroStrategy is strictly off the table.

Hines advocated creative approaches to growing the reserve, including revaluing U.S. gold holdings from the outdated official price of $42.22/oz to current market levels near $3,400/oz and allocating a portion to Bitcoin.

“The strategic reserve provides a long-term foundation for U.S. crypto leadership without adding to the budget deficit,” – Bo Hines, March 2025

(BTCETF)

Hines exits as institutional players deepen their hold on the crypto market. CoinGlass data shows Bitcoin ETF inflows still hovering near record levels, while DeFi Llama reports stablecoin supply holding firm even as retail activity slows.

DISCOVER: Top 20 Crypto to Buy in 2025

What’s Next?

Hines’ exit marks a leadership change at a time when the White House is actively shaping the U.S. role in global crypto markets.

With Patrick Witt likely stepping in, the focus will remain on regulatory implementation, the Bitcoin reserve plan, and expanding institutional adoption. But the council’s ability to balance innovation with centralization will be tested.

EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive

Join The 99Bitcoins News Discord Here For The Latest Market Updates

Key Takeaways

• Bo Hines is out as head of the White House Crypto Council. The former college football player and North Carolina congressional candidate announced Saturday he’s out.
• Independent journalist Eleanor Terrett reports that deputy director Patrick Witt is the likely choice.

The post Bye Bye Bo Hines: Is The White House Crypto Crusade Over? appeared first on 99Bitcoins.