Thread by @SternDrewCrypto

🧵🚨 Bo Hines, Executive Director of the White House Crypto Council, has resigned.

White House quietly replace its crypto chief with a Pentagon-linked money man — Patrick Witt.

This is not a random appointment.

Here’s the full story 🧵👇

1/ Bo Hines is out.

Replacing him?

Patrick Witt — his deputy, and the current Acting Director of the Department of Defense’s Office of Strategic Capital.

This isn’t just a staffing change, it’s a blueprint for controlling the entire digital asset space.

2/ Witt’s background:

•Deputy Director of the White House’s digital assets team

•Defense finance experience via the DoD

•Skilled in interagency coordination where money meets national security

He is not a “crypto native.”

3/ Why does that matter?

Because this role sets the tone for U.S. crypto policy — from stablecoins and tokenization to market infrastructure.

Witt approaches it with a risk-first mindset, not a “number go up” one.

4/ Expect policy shifts in emphasis:

•Stablecoins framed as critical payment infrastructure

•Tokenization (treasuries, real-world assets) viewed through systemic-risk and national-security filters

•CBDC discussions embedded in defense and treasury strategy

5/ This isn’t just leadership continuity — it’s a strategic pivot.

The U.S. crypto blueprint is now being drawn by someone who views blockchain not as an asset class… but as critical infrastructure to be controlled.

6/ Bo Hines v/s Patrick Witt.

Bo Hines → Crypto advocate with industry-facing approach, bridging White House policy and market growth.

Patrick Witt → Defense & finance strategist, viewing blockchain as critical infrastructure under national-security oversight.

Different backgrounds. Same chair. Entirely different playbook.

7/ For the markets:

•Speculative traders may see fewer surprise policy “green lights”

•Institutions may feel more confident in deploying capital into compliant rails

•Projects with enterprise and payments focus — like XRP — could benefit from a stable, rules-driven environment and government clarity.

8/ During his tenure, Bo Hines was once asked “How much Bitcoin does the U.S. government hold?”
His answer? “Can’t say that.”

Now he’s out… replaced by a Pentagon-linked strategist.
Makes you wonder — was the real game always about control of the rails AND the reserves?

9/ Bottom line:

Watch Patrick Witt’s tenure closely.

It could quietly set the framework for

U.S. dominance in digital assets over the next decade — not by market hype, but by regulatory architecture.

10/10 Follow for real-time policy shifts, insider insights, and deep dives into how power, finance, and crypto truly connect.