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Bo Hines Appointed as Executive Director of Presidential Council on Digital Assets

Bo Hines, a former Republican nominee for the House of Representatives, has been named by President-elect Donald Trump to serve as the Executive Director of the Presidential Council on Digital Assets.

New Advisory Group on Digital Assets

According to a Truth Social post from Trump, Hines will oversee a new advisory group composed of luminaries from the crypto industry, working alongside David Sacks, Trump’s pick for the White House AI and Crypto Czar.

Mission and Objectives

In his new role, Bo will work with David to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed, Trump posted. “Together, they will create an environment where this industry can flourish, and remain a cornerstone of our nation’s technological advancement.”

Background on Bo Hines

Bo Hines, 29, was the Trump-endorsed Republican House nominee in North Carolina’s 13th District in 2022, but lost the race to Democratic rival Wiley Nickel. During that race, Hines received backing from former FTX Digital Markets CEO Ryan Salame, who later went to prison for unrelated campaign finance law violations, among other charges.

In 2023, Hines ran again for the House in the state’s 6th District, but lost in the primaries, placing fourth among Republican candidates. He does not appear to have a substantial public history of making comments related to Bitcoin or cryptocurrency.

Appreciation for the Appointment

Bo Hines expressed his gratitude for the appointment, tweeting, “Thank you, Mr. President! It will be the honor of a lifetime to serve in your next administration. Thank you for everything you have done and continue to do for our country. I am thrilled to work alongside the brilliant David Sacks to ensure that this industry will thrive and remain a cornerstone of our nation’s technological advancement.”

Other Appointments

Alongside Hines, Trump also named former Andreessen Horowitz venture capitalist Sriram Krishnan as the Senior Policy Advisor for Artificial Intelligence at the White House Office of Science and Technology Policy. Krishnan, who departed from the prominent VC firm in November, will work closely with Sacks.

FAQs

• Q: What is the Presidential Council on Digital Assets?
  A: The Presidential Council on Digital Assets is a new advisory group composed of luminaries from the crypto industry, tasked with fostering innovation and growth in the digital assets space.

• Q: Who will Bo Hines be working with?
  A: Bo Hines will be working alongside David Sacks, Trump’s pick for the White House AI and Crypto Czar, to achieve the goals of the Presidential Council on Digital Assets.

• Q: What are the objectives of the Presidential Council on Digital Assets?
  A: The objectives of the Presidential Council on Digital Assets include fostering innovation and growth in the digital assets space, ensuring industry leaders have the resources they need to succeed, and creating an environment where the industry can flourish.

• Q: What is the role of Sriram Krishnan in the new administration?
  A: Sriram Krishnan, a former Andreessen Horowitz venture capitalist, has been appointed as the Senior Policy Advisor for Artificial Intelligence at the White House Office of Science and Technology Policy, where he will work closely with Sacks.