Breaking: The Director of Donald Trump's Electronic Currency Board Has Been Announced - Not As Expected

U.S. President Donald Trump has announced the appointment of Bo Hines as the Chief Executive Officer of the President’s Advisory Council on Digital Asset Property, which Trump referred to as the “Cryptocurrency Council,” in a statement he made on the Truth Social platform. Hines, a former college football player and the 2022 Republican candidate for the 13th congressional district of North Carolina, took on this role with the support he received from cryptocurrency political action committees (PACs) in his congressional campaign. Although his political bid was unsuccessful, his new role signals Trump’s intention to promote reforms and regulations related to cryptocurrency. In his new role, Bo will work with David Sacks to drive innovation and growth in the digital asset space, while ensuring industry leaders have the resources they need to succeed, Trump said. Together, they will create an environment where this industry can thrive and continue to be the foundation for our nation’s technological progress. David Sacks, formerly appointed by Trump to oversee cryptocurrency and artificial intelligence (AI) issues at the White House, will work with Hines to shape the government’s vision for digital assets. Trump’s focus on digital assets comes amid numerous economic appointments. Earlier today, he appointed former Treasury official Stephen Miran as his Economic Advisory Council Chairman. Miran, who has attracted attention for his stance on financial regulation, recently expressed his concerns on The Bitcoin Layer podcast, saying, “I think financial regulations are too burdensome and hinder banks from lending as much as they want into the economy. And I think sometimes that can really stifle innovation in areas like [the cryptocurrency economy].”