Institutional crypto policy faces leadership change as U.S. Bitcoin reserve strategy continues
In a significant leadership shift for U.S. cryptocurrency policy, Bo Hines has stepped down as executive director of the White House Crypto Council, citing plans to return to the private sector. Hines, appointed in late 2024, played a central role in shaping the administrationâs approach to digital asset regulation and the creation of a strategic Bitcoin reserve.
The departure comes as the councilâs regulatory action framework for digital assets enters a critical stage. While the plan laid out pathways for clearer rules around cryptocurrencies, progress on the U.S. national Bitcoin reserve has been slower than expected.
Earlier this year, President Trump signed an executive order establishing a national BTC reserve, prohibiting the sale of any government-held Bitcoin. The order also mandated that new BTC acquisitions must follow âbudget-neutralâ strategies â meaning they cannot increase public spending.
“Budget neutrality ensures taxpayer protection while still enabling long-term asset accumulation,” said a senior policy analyst at a Washington-based blockchain think tank.
Hines had proposed one such method: revaluing U.S. gold reserves, which are currently priced at $42.22 per troy ounce despite spot prices exceeding $3,400 per ounce. By adjusting the official valuation, the government could convert a portion of the unrealized gain into Bitcoin without impacting the budget.
Supporters argue this approach could significantly expand the U.S. crypto reserves. âRevaluing gold is a powerful, untapped fiscal tool that could fund a stronger digital asset position for the country,â said a commodities market strategist.
Deputy director Patrick Witt is widely expected to assume Hinesâ role, though no official confirmation has been made.
The leadership change marks a pivotal moment for the U.S. crypto policy agenda, as institutions await progress on both regulatory clarity and the governmentâs strategic move into Bitcoin accumulation.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.