President-elect Donald Trump has appointed Bo Hines, a former Republican Congressional candidate, to serve as executive director of his new “Crypto Council.” Trump announced on the social media platform Truth Social that the group, formerly known as the Presidential Council of Advisers for Digital Assets, will be “composed of luminaries from the crypto industry.”
The president-elect also mentioned that the council will be led by veteran Silicon Valley venture capitalist David Sacks, whom Trump selected to serve as his White House AI (artificial intelligence) and Crypto Czar. Hines, a former college football player and Yale graduate who lost a 2022 race for a North Carolina Congressional District, will work alongside David to promote innovation and growth in the digital assets space. Trump stated, “Together, they will create an environment where this industry can flourish, and remain a cornerstone of our Nation’s technological advancement.”
Sacks, who previously served as PayPal’s chief operating officer (COO), is a prominent venture capitalist with investments in Airbnb, Palantir, Postmates, Reddit, Slack, SpaceX, Twitter, Uber, and other major tech companies. He publicly endorsed Trump in June and hosted a significant fundraiser for the former president at his San Francisco residence.
