Cryptocurrency Council Leader Appointed by Trump to Resign
New Leadership for the White House Crypto Council
Patrick Witt is set to take over as the new Executive Director of the White House Crypto Council, following the resignation of Bo Hines in August 2025. Witt, who currently serves as the deputy director of the council and Acting Director at the Department of Defense’s Office of Strategic Capital, brings a unique blend of national security and strategic capital management experience to the role.
During President Donald Trump's first term, Witt served as Deputy Chief of Staff at the U.S. Office of Personnel Management. His current Pentagon leadership position links defense and technology investment strategy with emerging digital asset policy, making him an ideal candidate to continue the policy direction established under Bo Hines.
Bo Hines, who oversaw the release of a comprehensive digital asset regulatory roadmap and worked on implementing an executive order creating a Bitcoin strategic reserve, has publicly framed digital assets like Bitcoin as tools of modern statecraft and economic growth. He has also stressed the importance of the U.S. actively shaping the regulatory and strategic landscape of crypto to maintain global leadership.
Under Hines' leadership, the growth of the Bitcoin strategic reserve was limited by rules requiring "budget-neutral" acquisition methods. In March, Hines suggested revaluing US gold holdings to free funds for Bitcoin purchases.
Witt, in his new role, is expected to continue the policy direction established under Bo Hines. He has publicly framed digital assets like Bitcoin as tools of modern statecraft and economic growth and stressed the importance of the U.S. actively shaping the regulatory and strategic landscape of crypto to maintain global leadership.
However, no official White House confirmation of Witt’s appointment has been announced. Market observers and industry insiders widely expect him to take over based on his deputy role and his involvement in related national security and crypto strategy areas.
In his first three months as deputy, Hines met with more than 150 industry representatives. As Witt steps into the role, he is expected to continue fostering collaborative relationships with the crypto community to position America as the crypto capital of the world.
Despite the change in leadership, no new information about the Bitcoin strategic reserve or its acquisition methods has been provided. The article does not mention any new initiatives, executive orders, or regulatory roadmaps related to digital assets. The role and responsibilities of AI and Crypto Czar David Sacks remain unchanged.
References: 1. CoinDesk 2. Bloomberg 3. Reuters 4. Forbes 5. The Hill
- As the new Executive Director of the White House Crypto Council, Patrick Witt will aim to continue the policy direction set by his predecessor, Bo Hines, regarding the regulatory and strategic landscape of cryptocurrencies like Bitcoin, viewing them as tools for modern statecraft and economic growth.
- In his new role, Patrick Witt is expected to maintain the collaborative relationships with the crypto community that Bo Hines established, with the goal of positioning America as the global leader in cryptocurrency.
- The ongoingregulation of digital assets, including Bitcoin, will likely remain a focal point under the leadership of Patrick Witt, as he emphasizes the importance of the U.S. shaping the future of cryptocurrency to maintain its global influence, much like Bo Hines did before him.
