Bo hines, chief of the White House crypto council, moves

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Bo Hines, the executive director of the cryptography council of the White House of the US President Donald Trump, announced that he is moving on Saturday.

Hines, who was appointed by the president to lead the advisory group in December 2024, said that he withdrew to join the private sector and thanked the cryptographic community for its “unshakable” support. He wrote on Saturday:

“Serving in the administration of President Trump and working alongside our brilliant Czar AI and Crypto, David Sacks, as executive director of the White House Crypto Council, was the honor of a life. Together, we positioned America as the capital of the cryptographic world. ”

Bitcoin Regulation, US government, United States, White House
Source: Bo hines

Although a successor has not yet been appointed, the independent journalist for Crypto Eleanor Terrett said that Hines deputy director Patrick Witt will probably be appointed to this position.

White House Crypto Council has published a full report offering a regulatory action plan for digital assets in the United States in July. Although the Advisory Group has helped guide political efforts, criticisms claim that the Council has underlined the BTC strategic reserve.

Bitcoin Regulation, US government, United States, White House
Bo Hines, illustrated on the left of American President Donald Trump, who is in the center, following the publication of the crypto report of the Advisory Group. Source: Bo hines

In relation: Donald Trump to continue with Bitcoin Reserve “in a short time” – Bo Hines

Hines pleaded for the accumulation of BTC through neutral budgetary strategies

President Trump signed an executive decree establishing a Bitcoin strategic reserve and a national cryptography stock in January. However, the order has limited the way the government could acquire an additional BTC.

The executive decree prohibits the federal government from selling one of the accumulated BTCs of the US government and orders the Treasury Department and the Commerce Department to find “non -budgetary” strategies to accumulate more digital currency.