Trump appoints Bo Hines as managing director of Crypto Council
Trump appoints Bo Hines as managing director of Crypto Council
- Hines will work with David Sacks, which Donald Trump has referred to as "Ki and crypto zar of the White House".
- Trump said that the two would "create an environment in which this industry can flourish".
The elected President Donald Trump has appointed Bo Hines as the Executive Director of the Presidential Council of Advisers for Digital Assets or the Crypto Council.
In a post on his social media platform: Truth Said Trump:
"In his new role, Bo will work with David to promote innovation and growth in the field of digital assets and at the same time ensure that industry leaders have the resources they need for their success."
In December, Trump announced David Sacks as the leading political advisor for artificial intelligence and crypto and called him the "Ki and crypto tsar of the White House".
in a Post on Truth wrote that Sacks are "two areas, which for the future American competitiveness is of crucial importance, ”added, among other things, that“ he will work on a legal framework so that the crypto industry has the clarity it has. ” I asked and can thrive in the USA. ”
In addition to the cooperation between Hines and Sacks, Trump added:
"Together they will create an environment in which this industry flourishes and a cornerstone of our nation technological progress."
Pro crypto management
Since his victory in the US elections in November, Trump has hired people in his government who are considered supporters of cryptocurrency.
In November Trump announced that Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency (Doge) to "reduce government bureaucracy".
post on Truth Social Trump said, Tesla boss Ramaswamy would "the government bureaucracy Developing, reducing exaggerated regulations, reducing wasteful expenditure and restructuring-this is of essential importance for the 'Save America' movement. ”
According to this announcement, Trump elected Paul Atkins, a convinced advocate of the crypto industry, the next chairman of the US Stock Exchange Insurance Authority Securities and Exchange Commission (Sec).
The current SEC chairman Gary Gensler resigns in January 2025.
The cryptom market has experienced a significant upswing since its election victory, with Bitcoin reaching maximum $ 107,000.
Source: Coinlist.me
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