Bo Hines, who led President Donald Trump’s Council of Advisers on Digital Assets, announced his departure from his White House position, stating he would be returning to the private sector.
Trump’s digital assets council
Hines, a former congressional candidate from North Carolina, was appointed shortly after Trump took office in January to head a newly formed working group on bitcoin and digital asset regulation.
This group was tasked with proposing new federal rules, fulfilling Trump’s campaign pledge to overhaul U.S. bitcoin policy.
The working group, including several administration officials, recently outlined the administration’s approach to market-defining digital asset legislation and called for the Securities and Exchange Commission to develop clear regulations for these assets.
Praise from administration officials
David Sacks, the White House AI czar, commended Hines for his work.
In a statement on X, Hines reflected on his tenure:
“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.”
Stablecoin legislation milestone
Last month, President Trump signed the GENIUS Act, establishing a regulatory framework for dollar-pegged stablecoins—digital assets designed to maintain parity with the U.S. dollar.
Hines, who supported the law, had advocated for its passage as a step toward integrating digital assets into everyday financial transactions.
hines’s political ambitions
Hines, who has previously run unsuccessfully for Congress in North Carolina, is expected to remain active in both politics and the private sector following his departure from the White House.
