According to Donald Trump’s announcements on Truth Social, former congressional candidate Bo Hines has been appointed as Executive Director of the Presidential Council of Advisers for Digital Assets.
The appointment comes as part of a broader expansion of Trump’s economic advisory team, signaling increased attention to crypto policy.
Hines’ Journey From Political Career to Crypto Advisory Leadership
Hines, 29, will work alongside previously appointed David Sacks, who oversees crypto and AI initiatives. The dual appointment structure suggests a coordinated approach to digital asset policy, with Trump emphasizing the need for both innovation and industry support.
“In his new role, Bo will work with David to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed,” Trump wrote, outlining a vision for industry development that balances growth with institutional support.
Hines’ appointment follows an active political career in North Carolina, where he secured the Republican nomination in 2022. Despite losing that general election to Democrat Wiley Nickel, Hines maintained his political presence. Later, he mounted an unsuccessful primary campaign in the state’s 6th district in 2024, where he placed fourth with 14.4% of the vote.
The appointment draws attention due to Hines’ previous connections to crypto funding sources during his 2022 campaign. This includes contributions from pro-crypto PACs. Notably, some funding came from former FTX executive Ryan Salame, who is serving a prison sentence for campaign finance violations.
“I am thrilled to work alongside the brilliant David Sacks to ensure that this [crypto] industry will thrive and remain a cornerstone of our Nation’s technological advancement,” Hines said.
While Hines lacks a substantial public record of crypto policy positions, his appointment alongside established industry figures like David Sacks suggests a potential shift toward more integrated digital asset policy development. The formation of a dedicated “Crypto Council” indicates an increased institutional focus on crypto regulation and development.
The appointments come at a crucial time for digital asset policy as the industry continues to navigate regulatory challenges and institutional adoption concerns. The effectiveness of this new advisory structure will likely depend on how well it balances innovation promotion with necessary oversight considerations.
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