Bo Hines, director of the White House Crypto Council, steps down.

Bo Hines, the executive director for the White House Crypto Council, announced he is stepping down on Saturday.

Hines said he is stepping down to rejoin the private sector and thanked the crypto community for its “unwavering” support. He wrote on Saturday:

“Serving in President Trump’s administration and working alongside our brilliant AI & Crypto Czar, David Sacks, as Executive Director of the White House Crypto Council, has been the honor of a lifetime. Together, we have positioned America as the crypto capital of the world.”

Although a successor has not yet been named, independent crypto reporter Eleanor Terrett said that Hines’ deputy director of the advisory group, Patrick Witt, will likely be appointed to the position. 

This is a developing story, and further information will be added as it becomes available.