Bo Hines, the Executive Director of the White House Crypto Council, announced his resignation after serving approximately seven months in the role. Hines is stepping down to return to the private sector but will continue to contribute as a special government employee, focusing on artificial intelligence initiatives alongside David Sacks. Patrick Witt, the current deputy director, is expected to succeed Hines as the head of the council. Hines previously worked as a partner at a growth equity firm before joining the Trump administration. His departure comes weeks ahead of anticipated updates to the administration's digital asset policies.
JUST IN: Patrick Witt to replace Bo Hines as Executive Director of the White House Crypto Council. https://t.co/7WhA0VAlZh
BREAKING: PATRICK WITT CONFIRMS APPOINTMENT TO "EXECUTIVE DIRECTOR" OF PRESIDENT TRUMP'S #BITCOIN AND CRYPTO COUNCIL THE FUTURE OF BTC IN AMERICA. HUGE 🔥 https://t.co/rPzNOFP88H
"'When you work for an administration, once the person is out of office, or once you’re done with your job, you know, that could parlay into a lot of speculative opportunities.'" So that's what it's about. https://t.co/WIjgZfxnhw https://t.co/Um440C4oAr