The chairman of the White House Crypto Assets Council steps down, key position undergoes personnel adjustment.

On August 11, according to informed sources, as Bo Hines, the chairman of the White House Cryptocurrency Committee from the Trump administration's crypto policy team, is about to resign and return to the private sector, his position is expected to be taken over by his deputy Patrick Witt.

Since taking office in December 2024, Hines has led the promotion of several important policies during his tenure, including the passage of the GENIUS Act, which establishes a regulatory framework for dollar stablecoins.

In addition, his work also focuses on developing a regulatory roadmap for digital assets and executing Trump's executive order on establishing a Bitcoin strategic reserve.

It is worth noting that his reserve policy during his term follows the principle of "budget neutrality," which means increasing the government's Bitcoin holdings only through non-fiscal expenditures such as asset seizures.

In March of this year, Hines proposed to reassess the U.S. gold reserves in an attempt to free up funds for Bitcoin acquisition without increasing the federal budget. In addition, during the first three months of his tenure, he also had extensive contacts and discussions with over 150 industry representatives.

Despite resigning from the position of chairman of the committee, Hines will continue to assist David Sacks, the head of AI and Crypto Assets affairs, as a special government employee in advancing related work.

He expressed on social media that collaborating with David Sacks to make the United States the "Crypto Assets capital of the world" was a great honor, and he thanked the Crypto Assets community for their support. After returning to the private sector, Hines will continue to support the thriving development of the Crypto Assets ecosystem in the United States.

The successor Patrick Witt previously served as an assistant to Hines, and both were college football players, with Witt playing quarterback at Yale University.

However, Witt lacks direct experience in the Crypto Assets field, with his professional background primarily focused on defense technology investment, having served as the acting director of the Pentagon's Strategic Capital Office.

This personnel change comes at a critical time when the Trump administration is continuing to advance its Crypto Assets policy agenda, and there is significant industry interest in whether Witt can maintain the momentum of Hines's work.

#特朗普 Crypto Assets #Bitcoin