Former U.S. President Donald Trump has tapped Bo Hines to lead the Presidential Council of Advisors for Digital Assets, informally dubbed the "Crypto Council."
Announced on Truth Social, the move highlights Trump’s focus on bolstering digital asset innovation and regulation.
Hines, known for his college football career and a failed congressional bid in North Carolina, brings ties to pro-crypto political groups. His appointment signals a push to align industry resources with government policy.
Trump emphasized Hines’ collaboration with David Sacks, a key figure in the administration’s digital asset and AI initiatives, to foster a supportive environment for the sector’s growth.
Additionally, Trump has expanded his economic team, naming Stephen Miran as the head of the Council of Economic Advisers.
Miran, a former Treasury official and vocal critic of restrictive financial regulations, has argued that excessive oversight stifles economic and technological progress, particularly within the crypto ecosystem. This reshuffle reflects a broader strategy to integrate digital asset advancements into U.S. economic policy.
Tensions have escalated in the Cardano community following serious accusations against its founder, Charles Hoskinson, regarding the alleged mishandling of over 300 million ADA tokens.
FTX, the defunct crypto exchange at the center of one of the industry’s biggest scandals, is preparing to begin large-scale repayments to its creditors starting May 30.
The hype around blockchain gaming has taken a noticeable dip, but industry insiders suggest the lull may signal something positive: maturation.
Economist and gold advocate Peter Schiff has renewed his criticism of the crypto market, but this time, his focus isn’t just Bitcoin—it’s the growing trend of companies whose business models revolve entirely around holding the digital asset.