Bo Hines, executive director of the White House Crypto Council, has announced his departure to return to the private sector. Appointed in December 2024, Hines thanked the crypto community, calling his role 'the honour of a lifetime' and pledging ongoing support.

The council, formed to shape US digital asset policy, released a regulatory action plan in July. Despite progress, critics argued it failed to implement a strategic Bitcoin reserve. Deputy director Patrick Witt is expected to succeed Hines, though no official appointment has been made.

Hines strongly backed expanding the government's Bitcoin holdings through budget-neutral strategies, which is in line with Trump's January executive order that created a national crypto stockpile.

He previously suggested revaluing US gold reserves, which are priced far below market value. Part of the gains could then be converted into Bitcoin without impacting the federal budget.