Overview
- Bo Hines announced his resignation after eight months at the helm, returning to the private sector.
- He will remain on a part-time basis as an adviser on AI policy under AI & Crypto czar David Sacks.
- Patrick Witt, who also heads the Defense Department’s Office of Strategic Capital, is expected to assume leadership immediately.
- Under Hines’s tenure, the council advanced the GENIUS Act for stablecoin regulation and released a comprehensive 166-page digital assets report.
- Established by executive order in January, the council has coordinated interagency crypto policy and logged over 150 stakeholder meetings.