Trump-Appointed Crypto Council Head to Step Down
Main Idea
Bo Hines, leader of the White House Crypto Council under the Trump administration, is stepping down to return to the private sector, with Patrick Witt expected to replace him.
Key Points
1. Bo Hines was appointed by President Donald Trump in December 2024 to lead the White House Crypto Council.
2. During his tenure, Hines oversaw key policy initiatives, including the GENIUS Act, which established a framework for dollar-pegged stablecoins.
3. Hines met with over 150 industry representatives in his first three months in office.
4. Patrick Witt, Hines’ deputy and a former Yale quarterback and Pentagon official, is expected to succeed him.
5. The White House Crypto Council was part of Trump’s broader plan to overhaul US digital asset policy.
Description
Bo Hines, who has led the Trump administration’s White House Crypto Council since December 2024, is stepping down to return to the private sector. During his tenure, Hines oversaw key policy initiatives, including the administration’s push for dedicated crypto regulations and the passage of the GENIUS Act, which established a framework for dollar-pegged stablecoins. Bo Hines Steps Aside The former college football player was appointed by President Donald Trump in December 2024 to lead the newly ...
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