President-elect Donald Trump has appointed Bo Hines as the executive director of the newly established Presidential Council of Advisers for Digital Assets.
Hines, a former college football player and a Yale University alumnus, expressed his gratitude for the appointment in a post on X, stating, “Thank you, Mr. President! It will be the honor of a lifetime to serve in your next administration.”
The crypto council, chaired by David Sacks, aims to create an environment conducive to innovation and growth within the digital asset space.
Trump's administration has made several pro-crypto appointments, aligning with his campaign promise to position the U.S. as the global leader in cryptocurrency.
In addition to Sacks, Trump has selected Paul Atkins to replace outgoing SEC Chair Gary Gensler, signaling a shift in regulatory approach.
The incoming administration is also set to bolster legislative support for the cryptocurrency sector.
Congressman French Hill has been named the chair of the House Financial Services Committee, effective in 2025.
Hines has been particularly critical of the “burdensome regulations” imposed by the previous administration, advocating for the freedom necessary for the cryptocurrency industry to grow organically.
The establishment of the Presidential Council of Advisers for Digital Assets marks a pivotal moment for the cryptocurrency industry in the United States.