Former college football player and Republican politician Bo Hines has been appointed as the executive director of the Presidential Council of Advisers for Digital Assets by incoming President Donald Trump. This new council, known as the “Crypto Council,” will work alongside tech entrepreneur David Sacks, who was recently named as Trump’s AI and Crypto Czar, to develop a regulatory framework for the digital assets sector.
The primary goal of the Crypto Council is to shape digital asset policies, collaborate with Congress on regulatory frameworks, establish a Bitcoin reserve, and coordinate efforts with key agencies such as the SEC, CFTC, and the Treasury. Both Hines and Sacks are recognized as strong advocates for the crypto industry and are expected to drive innovation, create growth opportunities, and provide industry leaders with the tools needed to succeed in the evolving digital economy.
In a recent post on Truth Social, Trump expressed his confidence in Hines and Sacks, stating that they will create an environment where the crypto industry can flourish and remain a cornerstone of the nation’s technological advancement. Hines also took to X to express his excitement about his new role, calling it the “honor of a lifetime.”
The appointment of Hines has been met with optimism within the crypto community, with many viewing it as a positive step towards regulatory clarity and industry growth. Prominent figures such as Michael Saylor of MicroStrategy and Charles Hoskinson, the founder of Cardano, have publicly congratulated Hines on his new position.
Hines, who previously ran for Congress in North Carolina’s 6th District, has the support of influential pro-crypto political action committees, including the American Dream Federal Action super PAC. During his previous congressional campaigns, he also received backing from former FTX executive Ryan Salame. Trump’s decision to appoint Hines reflects his ongoing strategy of surrounding himself with pro-crypto allies as he builds his new administration.
This approach is consistent with Trump’s earlier nomination of former SEC Commissioner Paul Atkins, a vocal advocate for clearer crypto regulations, to replace outgoing SEC Chair Gary Gensler. Gensler’s tenure was marked by regulatory uncertainty, frequent lawsuits, and aggressive enforcement actions against the crypto industry. With Hines and Sacks at the helm of the Crypto Council, the digital assets sector is poised for continued growth and development under the new administration.