The post Bo Hines named executive director of Donald Trump’s crypto council appeared on BitcoinEthereumNews.com.

Former college football player and United States House Republican candidate Bo Hines has been named the executive director of the Presidential Council of Advisers for Digital Assets by incoming President Donald Trump. Dubbed the “Crypto Council,” Hines will work alongside tech entrepreneur and Artificial Intelligence and Crypto Czar David Sacks to create a regulatory framework for the digital assets sector, as confirmed by Trump in a Dec. 22 Truth Social post. Appointed last month as Trump’s AI and Crypto Czar, David Sacks will spearhead the newly formed crypto council, tasked with shaping digital asset policies, collaborating with Congress on regulatory frameworks, establishing a Bitcoin reserve, and coordinating efforts with key agencies like the SEC, CFTC, and the Treasury. Sacks and Hines—both seen as staunch advocates for the crypto industry—are expected to drive innovation, create growth opportunities, and ensure industry leaders have the tools needed to thrive in an evolving digital economy, Trump wrote, adding: “Together, they will create an environment where this industry can flourish and remain a cornerstone of our Nation’s technological advancement.” In a Dec. 23 X post, Hines expressed his enthusiasm for taking up the new role, calling it an “honor of a lifetime.” The crypto community has largely welcomed Hines’ appointment with optimism, viewing it as a positive step toward regulatory clarity and industry growth. Prominent figures, including MicroStrategy’s Michael Saylor and Cardano founder Charles Hoskinson, have publicly congratulated Hines. See below. Congratulations, Bo. It’s a tough job, but you’re up for it — Charles Hoskinson (@IOHK_Charles) December 23, 2024 Hines ran for the House this year in North Carolina’s 6th District but fell short in the Republican primaries, placing fourth among the candidates. In his previous bid in 2022, Hines ran for North Carolina’s 13th District but narrowly lost to Democrat Wiley Nickel in the…

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Filed under: News - @ December 23, 2024 7:14 am