According to an announcement from Donald Trump on Truth Social, former congressional candidate Bo Hines has been appointed Executive Director of the Presidential Advisory Council on Digital Assets.
The appointment is part of a dramatic expansion in Trump’s team of economic advisers, signaling increased attention to cryptocurrency policy.
Hines’ Journey From Political Career to Crypto Advisory Leadership Role
Hines, 29, will work alongside David Sacks, who oversees cryptocurrency and AI initiatives. This dual appointment structure suggests a coordinated approach to digital assets policy, with Trump emphasizing the need for both innovation and support of the industry.
“In his new role, Bo will work with David to drive innovation and growth in the digital assets sector, while ensuring that industry leaders have the resources they need to succeed,” Trump writeoutlines a vision for industrial development that balances growth and institutional support.
Hines’ appointment follows a vibrant political career in North Carolina, where he won the Republican nomination in 2022. Despite losing the national election to Democratic challenger Wiley Nickel, Hines remains maintain its political presence. He then ran an unsuccessful primary campaign in the state’s 6th district in 2024, where he finished 4th with 14.4% of the vote.
Attention to this appointment stems from Hines’ previous connections to cryptocurrency donors during his 2022 campaign. This includes contributions from pro-cryptocurrency PACs. Notably, some of the funds came from former FTX director Ryan Salame, currently serving a prison sentence for campaign finance violations.
“I am delighted to be working alongside the talented David Sacks to ensure that the industry [tiền điện tử] will flourish and become the foundation of our nation’s technological advancement,” Hines said on social networks.
Although Hines lacks a clear public record on cryptocurrency policies, his appointment alongside industry luminaries such as David Sacks suggests a possible shift in policy development. More integrated digital assets. The establishment of a “Cryptocurrency Council” signals a greater institutional focus on cryptocurrency management and development.
The appointment comes at a decisive time for digital assets policy as the industry continues to adapt to regulatory challenges and concerns about institutional uptake. The effectiveness of this new advisory structure may depend on how it balances fostering innovation with necessary oversight measures.