President-elect Trump appointed former American football player Bo Hines as the executive director of his upcoming government's "Cryptocurrency Committee," to assist in "promoting innovation and growth of digital assets"; additionally, Trump also nominated economist Stephen Miran as the chairman of the Council of Economic Advisers (CEA), and the cryptocurrency community celebrated Milan's nomination, believing it would benefit the development of the cryptocurrency industry.
On the 22nd, Trump posted on his social media platform Truth Social that Bo Hines would serve as the executive director of the Presidential Advisory Council on Digital Assets. Bo Hines was a Republican candidate for the U.S. House of Representatives who lost in 2022.
Trump stated that the new advisory group "Cryptocurrency Committee" will be led by David Sacks, whom he nominated as the cryptocurrency and AI czar.
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 that industry leaders have the resources they need to succeed."
In 2022, Bo Hines ran as a Republican candidate for a seat in the U.S. House of Representatives from North Carolina 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). The Council will provide economic policy and strategic advice to the U.S. government.
Milan previously served as a senior advisor on economic policy at the U.S. Treasury during Trump's first term. 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 that financial deregulation will become an important part. I believe that cryptocurrencies may play an important role in innovation and promoting another economic prosperity of the Trump administration."
Many members of the cryptocurrency community celebrated Milan's nomination, optimistic about his positive impact on the cryptocurrency industry. At this time, Trump continued to select individuals who support cryptocurrency and innovation as his cabinet officials, including the nomination earlier this month of Paul Atkins, the CEO of Patomak Global Partners, who is friendly to cryptocurrencies, to serve as the chairman of the SEC, followed by the nomination of former PayPal COO Sachs as the cryptocurrency czar.
These personnel appointments reflect Trump's continued support for the cryptocurrency industry. During his presidential campaign, Trump promised to make America the "world's cryptocurrency capital."
"Trump continues to appoint cryptocurrency officials, supporting cryptocurrencies Stephen Miran as chairman of the Economic Advisory Council" this article was first published on (Blockcast).
