Donald Trump appointed Bo Hines as the executive director of the presidential council on digital assets, which he calls the "crypto council." This information appeared on the social network Truth Social.

Bo Hines, a former athlete and Republican candidate, failed to win the election for the House of Representatives in 2022. He will now work with David Sacks, an entrepreneur and venture capitalist, whom Trump previously appointed to oversee issues related to cryptocurrencies and artificial intelligence.

Trump noted that both politicians will strive to support the development of the cryptocurrency industry, provide its leaders with the necessary resources, and create conditions to strengthen the technological potential of the United States.

Trump also appointed Stephen Miran as the chairman of the Council of Economic Advisors. Miran, a former Treasury official, previously stated that excessive regulation hinders innovation, especially in the crypto economy.