Former North Carolina congressional candidate Bo Hines has been appointed Executive Director of the Presidential Council of Advisers for Digital Assets, dubbed the “Crypto Council,” by Donald Trump. The announcement, made via Truth Social on Sunday, positions Hines alongside previously appointed tech advisor David Sacks to spearhead the Trump administration’s approach to cryptocurrency and digital assets.
Trump emphasized Hines’ role in fostering innovation and growth within the digital asset space, stating that Hines and Sacks will collaborate to ensure industry leaders have the necessary resources to thrive. He envisions creating an environment where the crypto industry can flourish and contribute significantly to the nation’s technological advancement.
Hines, a former college football player, secured the Republican nomination for North Carolina’s 13th congressional district in 2022 but lost to his Democratic opponent in the general election. Previous reporting by The Block revealed that Hines received campaign funding from pro-crypto PACs during his congressional run.
This appointment follows Trump’s earlier selection of Stephen Miran, a former Treasury Department official, to chair the Council of Economic Advisers. Miran has expressed concerns about excessive financial regulation hindering economic growth and innovation, particularly within the crypto economy, during a recent appearance on The Bitcoin Layer podcast.
The appointments of Hines and Miran signal Trump’s focus on promoting a favorable regulatory environment for the cryptocurrency industry.
