White House Announces Resignation of Digital Currency Council Director, Who Returns to Private Sector

In March, Hines proposed a bold plan to support this initiative by revaluing U.S. gold reserves, currently priced at a historic $42.22 per ounce, a figure far below the market price nearing $3,400 per ounce. His proposal included selling a portion of the revalued gold to finance additional Bitcoin purchases for the national reserve.

Bo Hines will be succeeded by Patrick White, who previously served as Deputy Chief of Staff at the U.S. Office of Personnel Management during Trump’s first term and currently acts as the interim director of the Pentagon’s Strategic Capital Office. Unlike Hines, White’s professional background lacks documented experience in digital currencies.

Notably, the Trump administration continues a pattern of appointing former college football players to key roles overseeing digital asset management. White, a former Yale University quarterback, briefly ran for Congress in Georgia.

However, his Rhodes Scholarship candidacy was withdrawn following a sexual misconduct complaint by a former partner, allegations he has denied.