Bo Hines resigns as White House Virtual Asset Advisory Chair

Doohyun Hwang

Summary

Bo Hines, the White House Virtual Asset Advisory Chair, announced his resignation.
Hines stated that even after stepping down, he intends to continue supporting the virtual asset ecosystem and will remain as a special government employee to provide policy support.
Patrick J. Witt is reportedly being considered as the next chair.

Bo Hines, the White House Virtual Asset (cryptocurrency) Advisory Chair, announced his resignation on the 9th (local time).

On this day, Hines stated on his X account, "Although I am stepping down from my position, I will continue to support the virtual asset ecosystem." He added, "During this time, we have made the United States the global hub for virtual assets. I sincerely appreciate the unwavering support from the industry."

Before joining the Trump Administration, Hines served as a partner at a growth-focused private equity fund. Even after his resignation, he will remain as a Special Government Employee (SGE) to support AI policy work together with David Sachs, the White House Virtual Asset and Artificial Intelligence (AI) Policy Lead.

In addition, Patrick J. Witt, the current vice chair, is expected to succeed him.