Donald Trump has chosen Bo Hines, a former college football player and Republican candidate, to lead his new "Crypto Council." This council is part of Trump's plans to support and grow the digital assets industry when he becomes president.

Hines will work alongside David Sacks, Trump’s crypto and AI policy leader, to promote innovation in the crypto space and provide resources for the industry to succeed. Trump announced this decision on his social media platform, Truth Social, emphasizing the importance of fostering growth in digital assets.

Hines previously ran for a seat in the U.S. House of Representatives in 2022 but lost narrowly. During his campaign, he received funding from several pro-crypto political groups, including contributions linked to the former CEO of FTX, Ryan Salame, who is now serving time for illegal political donations.

In addition to Hines, Trump has also appointed Sriram Krishnan, a former partner at Andreessen Horowitz, as his senior adviser on artificial intelligence. These moves align with Trump’s goal to position the U.S. as a global leader in cryptocurrency and AI development.