In summary
- Bo Hines was named Executive Director of the President’s Council of Advisors for Digital Assets by Donald Trump.
- Hines will work with David Sacks to foster growth in the crypto industry in the next administration.
- Sriram Krishnan has been appointed as Senior AI Advisor at the Office of Science and Technology Policy.
Former Republican House candidate Bo Hines has been named by President-elect Donald Trump as Executive Director of the President’s Council of Advisors for Digital Assets.
According to a Trump post on Truth Social, Hines will oversee a “new advisory group comprised of Cryptocurrency industry luminaries” and will work alongside David Sacks, Trump’s pick as White House AI and Cryptocurrency Czar.
“In his new role, Bo will work with David to foster innovation and growth in the digital asset space, while ensuring industry leaders have the resources they need to succeed,” Trump posted. “Together, they will create an environment where this industry can flourish and remain a cornerstone of our nation’s technological advancement.”
Hines was the Trump-endorsed Republican candidate for the House in North Carolina’s 13th District in 2022, but lost the race to Democratic challenger Wiley Nickel. During that campaign, Hines received the endorsement of former FTX Digital Markets CEO Ryan Salame, who subsequently went to prison for unrelated campaign finance law violations, among other charges.
Hines, 29, ran for the House again this year in the state’s 6th District, but lost in the primary, placing fourth among Republican candidates. He does not appear to have a substantial public history of comments related to Bitcoin or the crypto ecosystem.
“Thank you, Mr. President! It will be the honor of my life to serve in your next administration. Thank you for all you have done and continue to do for our country,” Hines wrote on X (formerly known as Twitter) on Sunday. “I’m excited to work alongside the brilliant David Sacks to ensure this industry thrives and remains a cornerstone of our nation’s technological advancement.”
Along with Hines, Trump also named former Andreessen Horowitz venture capitalist Sriram Krishnan as Senior Artificial Intelligence Policy Advisor in the White House Office of Science and Technology Policy. Krishnan, who left the prominent venture capital firm in November, will also work closely with Sacks.
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