President-elect Donald Trump has named Bo Hines, a former Republican congressional candidate, as executive director of his new “Crypto Council.”
Trump said on the social media platform Truth Social that the group, formally known as the Presidential Council of Advisers for Digital Assets, “is made up of crypto industry luminaries.”
The president-elect also notes that the council will be chaired by veteran Silicon Valley venture capitalist David Sacks, whom Trump has tapped to serve as his White House AI (artificial intelligence) and Crypto Czar.
Hines is a former college football player and Yale graduate who lost a 2022 race for a North Carolina congressional district.
Trump says,
“In his new role, Bo will work with David to drive innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed. Together, they will create an environment where this industry can thrive and remain a cornerstone of our country’s technological progress.”
Previously Chief Operating Officer (COO) of PayPal, Sacks is a high-profile venture capitalist who has invested in Airbnb, Palantir, Postmates, Reddit, Slack, SpaceX, Twitter, Uber and other major tech companies. He endorsed Trump in June and hosted a multimillion-dollar fundraiser for the former president at his San Francisco home.
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