Donald Trump Continues Appointing Crypto-Related Positions

In a recent announcement on Truth Social, President Donald Trump unveiled two key appointments to his economic advisory team.

Of particular interest to the crypto investment community, Bo Hines—a former college football player and Republican candidate for North Carolina’s 13th District—has been named Executive Director of the Presidential Advisory Council on Digital Assets (known as the Crypto Council).

Hines will collaborate closely with David Sacks, who was recently appointed to oversee crypto and artificial intelligence (AI) initiatives at the White House. According to Trump:

Together, they will create an environment where this industry can thrive and continue to serve as the foundation of our nation’s technological progress.

The goal is to establish a favorable environment for the technology sector to remain a driving force behind the country’s advancements.

Notably, during his 2022 Congressional campaign, Hines received support from crypto organizations, including Ryan Salame—a former FTX executive currently serving a 7.5-year prison sentence for political donation violations. In the 2024 elections, Hines ran again but secured only fourth place with 14.4% of the vote in the Republican primary.

On the same day, Trump also appointed Stephen Miran, a former Treasury Department official, as Chairman of the Economic Advisory Council. Miran is known for advocating financial regulation reform. In a recent podcast, he argued that current regulations are “overly burdensome” and could hinder the growth of the cryptocurrency industry and bank lending activities.