Bo Hines, a former college football player and U.S. House Republican candidate, has been named the executive director of the Presidential Council of Advisers for Digital Assets by incoming President Donald Trump. Trump announced in a Dec. 22 Truth Social post that Hines will work with tech entrepreneur and “Crypto Czar” David Sacks to form a regulatory framework for the digital assets sector.
Appointed last month as Trump’s AI and Crypto Czar, Sacks will lead the newly established crypto council. The council’s tasks include shaping digital asset policies, collaborating with Congress on regulatory frameworks, setting up a Bitcoin reserve, and coordinating with key agencies such as the SEC, CFTC, and the Treasury.
Trump said that Sacks and Hines, both strong supporters of the crypto industry, are expected to drive innovation, create growth opportunities, and equip industry leaders to succeed in a changing digital economy. Hines himself expressed his excitement on X on Dec. 23, calling it a “lifetime honor.”
The crypto community has generally greeted Hines’ appointment with optimism, seeing it as a step towards regulatory clarity and industry growth. Prominent figures like MicroStrategy’s Michael Saylor and Cardano founder Charles Hoskinson have congratulated him.
Hines ran for the House in North Carolina’s 6th District this year and came fourth in the Republican primaries. In 2022, he ran in North Carolina’s 13th District and narrowly lost to Democrat Wiley Nickel in the general election. He has received support from pro-crypto political action committees like the American Dream Federal Action super PAC and former FTX executive Ryan Salame during his 2022 campaign. Salame is currently in prison for campaign finance violations.
Hines’ appointment is part of Trump’s strategy of having pro-crypto allies in his new administration. This is in line with his nomination of former SEC Commissioner Paul Atkins, a proponent of clearer crypto regulations, to replace outgoing SEC Chair Gary Gensler, whose tenure has been characterized by regulatory uncertainty, lawsuits, and strict enforcement against the crypto industry.
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