Bo Hines appointed Executive Director of Crypto Council, leading efforts to shape digital asset policies and foster industry growth.
In a major development, Elected president Donald Trump has announced the formation of the “Crypto Council.” The new group will play a role in determining policies for the sector of digital assets. On December 22, Trump confirmed the news in a post on Truth Social. David Sacks will work alongside Bo Hines as the newly appointed AI and Crypto Czar.
The Crypto Council will be guided by AI and Crypto Czar David Sacks, who became the group’s leader in September last month. The council’s main mission is to provide a regulatory framework for Digital Assets. Sacks will work with Congress on new crypto policies, keep a Bitcoin reserve, and partner with the SEC, CFTC and US Treasury.
Crypto Council Aims to Drive Long-Term Innovation in Digital Assets
Crypto Council will be led by Executive Director, Bo Hines. A graduate of Yale University and Wake Forest University Law School, Hines is a former Wall Street lawyer. Hines expressed his excitement for the role on X, saying, ‘It’s an honor of a lifetime. Sacks will work closely with him to develop the digital asset industry. In addition, they want to create an environment where industry leaders can succeed by supplying resources.
Additionally, Hines and Sacks will work to ensure the digital assets sector growth. They hope to assist the industry in its role as a technological cornerstone of the U.S. This will help further long-term innovation and growth in this space.
Sriram Krishnan has also taken on the role as Senior Policy Advisor for Artificial Intelligence in the White House Office of Science and Technology Policy. Krishnan, a man who kickstarted his career at Microsoft, will report directly to David Sacks. Moreover, he will focus on keeping American leadership in AI. He will assist with creating and coordinating government wide AI policy, along with assisting the President’s Council of Advisors on Science and Technology.
In this way, U.S. is taking another step to strengthen its leadership in digital assets and artificial intelligence with these new appointments. Ultimately, the administration has initiated these efforts to guarantee both sectors remain stable and contribute to the country’s technological development.
