US President Donald Trump announced the appointment of Bo Hines as the Executive Director of the Presidential Council of Advisors for Digital Assets, which Trump referred to as the “Crypto Council”, in a statement he made on the Truth Social platform.
Hines, a former college football player and 2022 Republican candidate for North Carolina’s 13th congressional district, steps into the role with the support he received from pro-crypto political action committees (PACs) during his campaign for Congress. While his political candidacy was unsuccessful, his new role signals Trump’s intent to advance crypto-related innovation and regulation.
“In his new role, Bo will work with David Sacks to drive innovation and growth in the digital asset space while ensuring industry leaders have the resources they need to succeed,” Trump said. “Together, they will create an environment where this industry can thrive and continue to be a cornerstone of our Nation’s technological advancement.”
David Sacks, who Trump previously appointed to oversee crypto and artificial intelligence (AI) issues at the White House, will work with Hines in shaping the administration's vision for digital assets.
Trump’s focus on digital assets comes amid a broad range of economic appointments. Earlier today, he appointed former Treasury Department official Stephen Miran as chairman of his Council of Economic Advisers. Miran, who has drawn attention for his stance on financial regulation, recently voiced his concerns on The Bitcoin Layer podcast, saying: “I think financial regulation is overly burdensome and prevents banks from lending as much as they want to into the economy. And I think sometimes that can really stifle innovation in areas like [the crypto economy].”
*This is not investment advice.