Soon to be inaugurated as the 47th President of the United States, Donald Trump continues to appoint future members of his Administration or entities close to the government. In accordance with his desire to redefine the cryptocurrency landscape, the future president decided to found a “crypto council”.
Donald Trump announces the creation of a crypto council which will support him in his decisions
In recent weeks, Donald Trump makes nominations. Day after day, the future president of the United States gives a clearer idea of the people who will surround him so that he can implement the policy he has imagined.
Thus, this Sunday, the 47th President of the United States announced that Bo Hines would be the executive director of his brand new “ presidential council for digital assets »which he also nicknames “ conseil crypto ».
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On Truth Social, the social network he owns, Donald Trump explained what will be the role of Bo Hines in this new advisory group who will seek to encourage the next president of the United States around cryptocurrencies. He will work closely with David Sachs who was named head of AI and cryptocurrencies at the White House:
In his new role, Bo will work with David to foster innovation and growth in digital assetswhile ensuring industry leaders have the resources they need to succeed.
For his part, Bo Hines was delighted with this appointment. “ Thank you Mr. President! It will be my honor to serve in your next Administration. […] JI'm delighted to be working alongside the brilliant David Sachs to ensure that this industry will thrive and remain a cornerstone of our nation's technological progress, » he declared on X.
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A former American football player to lead this new council?
Aged 29, Bo Hines is particularly known for having been American football player during his years at university where he excelled. A graduate of Yale University, as well as the law school of Wake Forest University, he then abandoned sports to launch a career in politics.
In 2022, Bo Hines ran in the midterm elections with the goal of to get elected to the House of Representatives as a Republican Party candidate. However, he was defeated by his Democratic opponent Wiley Nickel. In the same way, he tried to run again in 2024but was unable to convince his peers during the Republican primary.
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For his 2022 campaign, Bo Hines received funds from political action committees (PAC) including some pro crypto. Furthermore, part of this financing had been provided by Ryan Salameone of the executives of the bankrupt exchange FTX, who is currently serving a 7-year prison sentence.
Alongside the appointment of Bo Hines as head of this crypto council, Stephen Mirana former official in the United States Department of the Treasury, was chosen to chair Donald Trump's economic advice.
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Investments in cryptocurrencies are risky. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital
Surprised by the rise of crypto-assets at the end of the 2010s, I began to closely follow this sector which fascinates me to the greatest extent. When I'm not in football stadiums, rugby stadiums or handball halls, I work on writing relevant articles around cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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