Crypto Adviser Bo Hines Move to AI Role Sparks Concern Over White House Policy Shift
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The Executive Director of the White House Crypto Council, Bo Hines, is set to step down from his position. This follows the release of the White House crypto policy, which he worked on as part of the Digital Assets Working Group. Bo Hines To Step Down From White House Crypto Council Role In an X post, journalist Eleanor Terrett revealed that the Executive Director of the White House Crypto Council is stepping down to return to the private sector. She also stated that he will remain on as a special government employee to assist with AI initiatives alongside David Sacks, the White House Crypto AI and Crypto Czar. Bo Hines had previously worked as a partner at a growth equity firm before taking up his current role under the Trump administration. Terrett didn’t mention what position he will be taking up in the private sector once he leaves his White House role. Meanwhile, Deputy Executive Director Patrick Witt will step into the role of Executive Director. Notably, his departure follows the release of the White House crypto policy report. The Executive Director, alongside the other members of the Working Group, had made recommendations on what regulators and Congress should do to promote the crypto industry. These recommendations bordered on the crypto market structure bill, token classification, tax rules, and banking regulations for crypto firms. Notably, the report failed to mention specifics on the Strategic Bitcoin Reserve. However, Bo Hines confirmed in an interview that the U.S. government is still actively working towards establishing the Bitcoin Reserve. The government plans to use its 198,022 BTC holdings to create this reserve. Statement on His Departure Bo Hines released a statement on his departure from the White House Crypto Council role. He stated that serving in President Trump’s administration and working alongside David Sacks…
