Donald Trump has appointed Bo Hines, a former college football player and Republican congressional candidate, as the Executive Director of the Preside

Trump Appoints Former College Football Player Bo Hines as Executive Director of New Crypto Council

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2024-12-23 12:30:03

Donald Trump has appointed Bo Hines, a former college football player and Republican congressional candidate, as the Executive Director of the Presidential Council of Advisers for Digital Assets. This new council, part of Trump’s strategy to foster innovation in the crypto space, will be led by David Sacks, the appointed AI and crypto czar. Trump announced the appointment on Dec. 22 through his Truth Social platform, stating that Hines will work with Sacks to promote growth in the digital assets sector and ensure that industry leaders have the resources they need to succeed.

Hines, who lost his 2022 bid for North Carolina’s 13th District to Democrat Wiley Nickel, ran for the state’s 6th District in 2024 but could not secure the Republican nomination. He came in fourth place with 14.4% of the vote. Throughout his political campaigns, Hines received support from pro-crypto PACs, including donations from Ryan Salame, a former executive at the collapsed FTX exchange. Salame, convicted of campaign finance violations, made significant contributions to several Republican candidates, including Hines.

Despite his limited public involvement with cryptocurrency, Hines’ appointment is seen as part of Trump’s broader push to make the U.S. a global leader in digital assets. In his post, Trump emphasized that Hines will work closely with Sacks to create an environment where the digital assets industry can thrive, positioning it as a cornerstone of the nation’s technological advancement.