President-elect Trump appointed former American football player Bo Hines as the executive director of his incoming administration's "Cryptocurrency Committee" to assist in "promoting innovation and growth in digital assets"; additionally, Trump nominated economist Stephen Miran as chairman of the Council of Economic Advisers (CEA), and the cryptocurrency community celebrated Milan's nomination, believing it to be beneficial for the development of the cryptocurrency industry.
On the 22nd, Trump posted on his social media platform Truth Social, stating that Bo Hines would serve as the executive director of the President's Council on Digital Assets. Bo Hines was a Republican candidate for the U.S. House who lost in 2022.
Trump stated that the new advisory group, the "Cryptocurrency Committee", would be led by David Sacks, the cryptocurrency and AI czar he nominated.
Trump said, "In his new position, Bo Hines will work with David (Sacks) to promote innovation and growth in the digital asset space while ensuring industry leaders have the resources they need to succeed."
In 2022, Bo Hines ran for the U.S. House seat in North Carolina representing the Republican Party but ultimately lost by a narrow margin to Democratic opponent Wiley Nickel.
Earlier, Trump also nominated economist Stephen Miran as chairman of the Council of Economic Advisers (CEA). This committee will provide the U.S. government with advice on economic policy and strategy.
Milan previously served as a senior economic advisor at the U.S. Department of the Treasury during Trump's first administration. In a recent episode of the podcast "The Bitcoin Layer", Milan stated that the U.S. should focus on supporting innovative policies.
At that time, Milan told the host, "I believe financial deregulation will be an important component. I think cryptocurrencies can play an important role in innovation and promoting another economic boom for the Trump administration."
Many members of the cryptocurrency community celebrated Milan's nomination, optimistic about its positive development for the cryptocurrency industry. At this time, Trump continued to select individuals who support cryptocurrencies and innovation as his cabinet officials, including nominating Paul Atkins, the CEO of Patomak Global Partners, who is friendly to cryptocurrencies, to serve as the chairman of the SEC, and subsequently nominating Sachs, former COO of PayPal, to be the cryptocurrency czar.
These personnel appointments reflect Trump's continued support for the cryptocurrency industry. During his presidential campaign, Trump pledged to make the U.S. the "world's cryptocurrency capital."
"Trump continues to appoint cryptocurrency officials, supporting cryptocurrency Stephen Miran as chairman of the Council of Economic Advisers". This article was first published by (Blockchain Insider).