White House crypto adviser Bo Hines announces departure

By Kanishka Singh

Washington (Reuters) -bo Hines, Republican President Presidency Donald TrumpThe Council of Digital Asset Consultants said on Saturday that he had abandoned his current role and returned to the private sector.

At the end of last month, a crypto currency working group and several administrative officials governed by Hines summarized the Trump administration’s attitude towards the crypto legislation defining market, and called on the US securities regulator to create new rules specific to digital assets.

Shortly after he took office in January, Trump ordered the creation of a crypto work group and assigned to propose new regulations and did good in the promise of his campaign to overcome the US crypto policy.

Hines, on Saturday, a mission in X, “President Trump’s management and the White House Crypto Council as the General Manager of the Parlak AI & Crypto CZAR @Davidsacks’le was an honor for a lifetime.” He said.

Sacks, White House Ai Czar, praised Hines in response to the task explaining that he was separated.

Hines failed twice for the congress in North Carolina.

Trump signed a law to create a regulatory regulator for Pegged Crypto currencies known as Stablecoins last month, a milestone that can become a daily way to pay and carry digital assets.

Hines was a supporter of this legislation, called the Genius law.

(Reporting by Kanishka Singh in Washington; Editing by Nia Williams)