Bo Hines to Leave White House Crypto Post, Eyes Turn to Successor

Key Points

1. The Executive Director of the President's Council of Advisers on Digital Assets is stepping down, with Deputy Director Patrick Witt reportedly taking over.

2. The council has been instrumental in shaping the administration’s digital-asset policy framework since January.

3. Hines, the outgoing adviser, expressed pride in the council’s work, including the passage of the GENIUS Act, which established a regulatory framework for stablecoins.

4. Industry experts emphasize the importance of Witt’s interactions with lawmakers and international partners to maintain regulatory clarity and momentum.

5. Hines signaled continued support for the crypto industry in the U.S. despite his departure.