Bo Hines will serve on the President’s Commission on Cryptocurrencies, under the leadership of Donald Trump’s crypto and artificial intelligence mogul David Sacks, to “promote innovation and advancement of digital assets.”
Donald Trump has named former college football player Bo Hines as the executive director of the new administration’s “Cryptocurrency Council.”
The US president-elect posted on his Twitter account on December 22 that Bo Hines — an unsuccessful Republican candidate for the US House of Representatives in 2022 — will serve as the executive director of the President’s Digital Asset Advisory Council.
Trump added that the new advisory group, dubbed the “Cryptocurrency Council,” will be led by his cryptocurrency advisor and artificial intelligence mogul David Sacks.
“In his new role, Beau will work with David to drive innovation and growth in the digital assets space and ensure that industry leaders have the resources they need to succeed,” Trump wrote. In 2022, Hines ran as the Republican candidate for the North Carolina House seat, but narrowly lost to Democratic opponent Willie Nicol.
Hines and other Republican candidates have received funding from the super PAC American Dream Federal Action and other pro-cryptocurrency PACs.
Former FTX CEO Ryan Salame, who was sentenced to seven years in prison for crimes including illegal political contributions, reportedly donated $13.4 million to Republican candidates, including Hynes.
Trump names former GP a16z as senior intelligence advisor
Trump also announced the appointment of former Andreessen Horowitz (a16z) partner Sriram Krishnan as senior intelligence policy advisor to the new committee.
“I am honored to serve our country and work with David Sacks to ensure America’s continued leadership in artificial intelligence,” Krishnan wrote in an X response to his nomination.
The post reflects Trump’s continued support for the crypto industry. During his presidential campaign, he promised to make the United States the “world’s cryptocurrency capital,” which led him to raise millions of dollars in funding from crypto industry executives.
He has appointed other pro-cryptocurrency advocates, including billionaire Elon Musk, as senior advisers.
On December 4, Trump nominated Paul Atkins, a pro-cryptocurrency businessman and former commissioner of the Securities and Exchange Commission, to serve as chairman of the agency, which industry executives hope will weaken regulatory oversight of the cryptocurrency industry.
