Bo Hines, the Trump administration’s chief crypto point man under David Sacks, is stepping down and moving on.
The executive director of the White House Crypto Council announced Sunday that he will leave to return to the private sector, calling his time in the role “the honour of a lifetime” in a statement on X.
Hines said he would remain as a special government employee to assist with AI initiatives alongside Sacks.
Crypto in America host Eleanor Terrett reported that Hines’ deputy, Patrick Witt, is expected to take over the role.
Witt is a former senior Pentagon technology official who previously helped oversee DARPA, the Missile Defense Agency, and other research arms, and also held roles in the Trump administration’s first term.
Hines’ departure comes as the administration faces intensifying questions over the size of the US government’s Bitcoin holdings, earmarked as the foundation of its Strategic Bitcoin Reserve.
Two weeks ago, in a Crypto in America podcast interview, Hines repeatedly declined to give even a ballpark figure, saying only that “there are several reasons we’re not disclosing that at this time.”
The evasiveness followed reports suggesting the US may hold as little as 29,000 Bitcoin — far short of the 200,000 once floated by Sacks. The uncertainty stems from how seized versus forfeited assets are classified, with only the latter legally counted as government property.
However, there is no indication at this time that Hines’ exit is related.
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Bitcoin has gained 1.3% in the past 24 hours and is trading at $118,170.
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Ethereum is up 1.5% in the same period to $4,230.
Kyle Baird is DL News’ Weekend Editor. Got a tip? Email at kbaird@dlnews.com.