AdvertisementAdvertisementBusinessFILE PHOTO: 26-year-old Bo Hines, who plans to run for a seat in the United States House of Representatives in North Carolina's 5th congressional district, speaks during a rally hosted by former U.S. President Donald Trump in Selma, North Carolina, U.S. April 9, 2022. REUTERS/Erin Siegal McIntyre/File Photo10 Aug 2025 07:56AM Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST WASHINGTON :Bo Hines, who headed Republican President Donald Trump's Council of Advisers on Digital Assets, said on Saturday he was leaving his current role and returning to the private sector.Late last month, a cryptocurrency working group led by Hines and including several administration officials outlined the Trump administration's stance on market-defining crypto legislation and called on the U.S. securities regulator to create new rules specific to digital assets.Shortly after taking office in January, Trump had ordered the creation of the crypto working group and tasked it with proposing new regulations, making good on his campaign promise to overhaul U.S. crypto policy."Serving in President Trump's administration and working alongside our brilliant AI & Crypto Czar @DavidSacks as Executive Director of the White House Crypto Council has been the honor of a lifetime," Hines said in a post on X on Saturday.Sacks, the White House AI czar, praised Hines in response to the post announcing his departure.Hines has twice unsuccessfully run for Congress in North Carolina.Trump last month signed a law to create a regulatory regime for dollar-pegged cryptocurrencies known as stablecoins, a milestone that could pave the way for the digital assets to become an everyday way to make payments and move money.Hines was a backer of that legislation, dubbed the GENIUS Act.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST