President-elect of the United States Donald Trump has appointed Bo Hines as the Executive Director of the Presidential Advisory Council on Digital Assets. Previously, Bo Hines ran for Congress representing a district in North Carolina. This council will be chaired by David Sacks, former Executive Director of PayPal.
The Presidential Advisory Council on Digital Assets was established to advise on policies related to digital assets and cryptocurrencies. The council's mission includes establishing a strategic Bitcoin reserve fund for the nation and coordinating with agencies such as the U.S. Securities and Exchange Commission (SEC).
The appointment of Bo Hines and the establishment of this council reflects the Trump administration's commitment to promoting and managing the digital asset sector while ensuring that the United States maintains its leading position in financial technology.