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White House Crypto Assets Council Chairman Bo Hines announced his resignation, and his deputy Patrick Witt may take over.
Bo Hines, the Chairman of the U.S. White House Crypto Assets Council, announced that he will officially step down this Saturday, ending his tenure of less than a year and returning to the private sector. The former college football player and crypto investor promoted several digital asset policies during his term, including a Bitcoin strategic reserve program. It is reported that his deputy, Patrick Witt, is expected to succeed him as chairman.
Bo Hines Resigns: From Athlete to White House Encryption Policy Advocate
Bo Hines was appointed by President Trump as the Chair of the White House Presidential Digital Asset Advisory Committee (Crypto Assets Committee) in December 2024. Within just three months of taking office, he met with over 150 crypto industry professionals, working to establish a coordinating bridge between White House policy, the industry, and Congress.
On X (formerly Twitter), Hines stated: "It is my lifelong honor to serve in President Trump's administration and to work alongside our outstanding artificial intelligence and crypto assets 'czar' David Sacks. Together, we will make America the crypto assets capital of the world."
After stepping down, Hines will continue to serve as an advisor, assisting the White House in strategic planning in the fields of artificial intelligence and Crypto Assets.
Patrick Witt may take over
According to crypto journalist Eleanor Terrett, current Deputy Director Patrick Witt may succeed Hines as Chairman. Witt previously served as Deputy Chief of the U.S. Office of Personnel Management during Trump's first term. In 2021, he ran for U.S. Congress and Georgia Insurance Commissioner, receiving support from Peter Thiel's donations.
Return to public office in 2025, concurrently serving as the Deputy Director of the Crypto Assets Committee and Acting Director of the Office of Strategic Capital (OSC) at the Department of Defense.
Similar to Hines, Witt was also a former college football quarterback who briefly joined the NFL's New Orleans Saints.
Hines' Policy Legacy: Bitcoin Strategic Reserves and "Budget Neutral" Strategy
A major highlight during Hines' tenure was promoting President Trump to sign an executive order this January:
Establish a Bitcoin strategic reserve and a national Crypto Assets reserve.
An executive order prohibits the government from selling the accumulated Bitcoin.
Request the Ministry of Finance and the Ministry of Commerce to find a "budget-neutral" way to increase BTC reserves, such as through asset seizures or means that do not increase the burden on the public budget.
Hines even suggested reassessing the value of the U.S. gold reserves (currently officially valued at $42.22 per ounce, far below the spot price of $3,400), converting part of the gold value into Bitcoin to expand the national BTC reserve size.
The Influence and Controversies of the Crypto Assets Committee
The Crypto Assets Committee released a regulatory action plan for U.S. digital assets in July 2025, providing direction for policy-making. However, critics point out that the committee has had limited success in advancing strategic BTC reserves.
Nevertheless, Hines' supporters believe that he has facilitated communication between the industry and the government in a short period of time, and has sought a balance between regulation and innovation.
Conclusion
The resignation of Bo Hines marks a new phase for the White House Crypto Assets policy team. With Patrick Witt expected to take over, attention will be focused on whether the new chair will continue Hines' "budget-neutral" Bitcoin reserve strategy, and how to promote the United States as a global leader in encryption innovation with the support of the Trump administration.