Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Trump crypto appointment spurs optimism

Trump crypto appointment spurs optimism

BlockworksBlockworks2024/12/23 22:33
By:Blockworks

Trump announced Sunday his pick for executive director of the Presidential Council of Advisers for Digital Assets


This is a segment from the Forward Guidance newsletter. To read full editions, subscribe .

President-elect Donald Trump appears to be working down his crypto promises list via another personnel decision. 

Trump said Sunday that Bo Hines will serve as executive director of the Presidential Council of Advisers for Digital Assets. David Sacks, the PayPal co-founder who Trump tapped to be the US government’s AI and crypto czar earlier this month, will chair this group.

Hines will work with Sacks “to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed,” Trump wrote on Truth Social.

Newsletter

Subscribe to Forward Guidance Newsletter

Subscribe

“Together, they will create an environment where this industry can flourish, and remain a cornerstone of our nation’s technological advancement,” he added.

A former NC State (and Yale) football player, Hines sought to represent North Carolina’s 13th Congressional district in 2022, but lost that election to Democrat Wiley Nickel. He launched a campaign in December 2023 to represent the state’s 6th Congressional district — endorsing Trump that same month before posting this to X in January:

Loading Tweet..

Trump had referenced a US crypto council in July during his address at the Bitcoin 2024 conference in Nashville. He said it was something he would assemble “immediately” before asking for a show of hands who wanted to be on it. The crowd roared.

The then-presidential candidate said the council’s task of designing crypto regulatory guidance would get done in 100 days. We’ll have to monitor that. 

Reuters reported last month that people at crypto companies Ripple, Kraken, Circle, Paradigm and a16z were among those wanting a seat at that table.

Trump’s ongoing engagement with the industry seems to show his pro-crypto rhetoric was not just lip service. A few days before that Reuters story ran, Trump nominated crypto-friendly Cantor Fitzgerald CEO Howard Lutnick to lead the Department of Commerce.

The soon-to-be president also just met with Crypto.com CEO Kris Marszalek last week about crypto-related appointments and a bitcoin reserve.

Those congratulating Hines on X yesterday included crypto bigwigs Michael Saylor and Fred Thiel — leaders of two companies (MicroStrategy and Marathon Digital) which own roughly 490,000 BTC combined.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter .

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter .

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags
  • Donald Trump
  • Forward Guidance newsletter
  • regulation
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

How to withdraw via ZEN on Bitget?

Step 1: Navigate to Buy Crypto , then hover over the Pay With menu to browse available fiat currencies. Select your preferred fiat currency and click on Bank Deposit > Fiat Withdraw . Step 2: Select the type of fiat currency you want to withdraw. Step 3: Specify the amount of fiat currency you wish

Bitget Announcement2024/12/24 13:28