Bo Hines, Executive Director of the White House’s Crypto Advisory Council, has resigned after a successful tenure shaping federal digital asset policy. He will be returning to the private sector. Patrick Witt, formerly a deputy in the council, steps up to lead the council and is expected to maintain the pro-crypto stance already established under Hines. 2023 marked a significant turning point for crypto policy with Hines’ efforts paving the way for the GENIUS Act, offering regulatory guidelines for stablecoins. Despite Hines’ departure, market dynamics are expected to remain relatively unchanged. The White House has maintained a strong commitment to supporting market stability through its pro-crypto policies. Further insights into the White House Digital Assets Report can be found here.