President-elect Donald Trump has named Bo Hines as Executive Director of "Crypto Council" who will work alongside David Sacks.
In a major development, President-elect Donald Trump has picked Bo Hines, his former college colleague as the executive director of the “Crypto Council” in his upcoming tenure. In a post on Sunday, December 22, on his social media platform Truth Social, Donald Trump noted that Bo Hines would become the Executive Director of the Presidential Council of Advisers for Digital Assets.
Hines will be working under David Sacks, whom Trump appointed last week to lead the crypto advisory group “Crypto Council” as the crypto and AI czar. During his latest announcement on Sunday, Trump wrote:
“In his new role, Bo will work with David to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed”.
In 2022, Hines contested North Carolina’s US House seat as a Republican but narrowly lost to Democrat Wiley Nickel. Hines was among several Republican candidates backed by the American Dream Federal Action super PAC and other pro-crypto political action committees.
Apart from Bo Hines, President-elect Donald Trump also announced the nomination of Sriram Krishnan, a general partner at Andreessen Horowitz (a16z), as the new senior policy advisor for artificial intelligence in the White House Office of Science and Technology Policy.
Similar to Bo Hines, Krishnan will work closely with crypto and AL czar David Sacks. He will focus on strategies to maintain and advance the United States’ leadership in artificial intelligence. The appointment underscores the administration’s commitment to fostering innovation and setting global benchmarks in AI development and governance. Speaking on the development, Sriram Krishnan wrote:
“I’m honored to be able to serve our country and ensure continued American leadership in AI working closely with David Sacks. Thank you Donald Trump for this opportunity”.
Former President Donald Trump’s latest appointments highlight his continued support for the cryptocurrency sector. During his presidential campaign, Trump pledged to establish the US as “the world capital of crypto,” a promise that attracted millions in funding from leading crypto industry executives. Trump has also brought other prominent pro-crypto figures into key advisory positions, including billionaire entrepreneur Elon Musk.
Furthermore, the Donald Trump team has unveiled its DeFi project World Liberty Financial to expand his footprint in the crypto market. Several crypto leaders have also shared their contributions for Trump’s inaugural ceremony in January in expectations of crypto-friendly regulations.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
