Trump Appoints Bo Hines As Head Of New Crypto Council, Pro-Crypto Stephan Miran As Head Of Economic Advisors

President-elect
Donald
Trump
announced
the
establishment
of
a
Crypto
Council
for
his
incoming
administration
to
be
headed
by
former
college
football
player
Bo
Hines.

Hines
will
report
to
Trump
crypto
czar
David
Sacks,
and
help
advance
innovation
and
growth
in
the
digital
asset
ecosystem.
The
council’s
support
for
the
industry
is
intended
to
boost
America’s
leadership
in
the
crypto
world.

JUST
IN:
????????
President-elect
Donald
Trump
appoints
Bo
Hines
Executive
Director
of
Crypto
Council.

pic.twitter.com/2T9kQd87yP

—
Altcoin
Daily
(@AltcoinDailyio)

December
22,
2024

Trump
Makes
Additional
Appointments

Trump
has
also
appointed
Stephan
Miran,
a
former
Treasury
official
and
economist
at
Hudson
Bay
Capital
Management,
as
the
chairman
of
the
Council
of
Economic
Advisors.

The
body
advises
the
President
on
economic
matters,
studies
federal
economic
policies,
monitors
economic
trends,
and
counsels
on
actions
to
attain
growth
and
stability.

An
advocate
of
regulatory
reforms
for
the
crypto
industry,
Miran
has
often
publicly
spoken
about
the
need
for
leaner
regulations
in
general,
especially
in
the
crypto
sector.
His
appointment
is
in
line
with
broader
Trump
plans
to
turn
the
US
into
a
global
crypto
hub
that
envisions
a
strategic
Bitcoin
reserve.

The
appointments
of
Bo
Hines
and
others
aligns
with
Trump’s
pro-crypto
stance,
and
his
campaign
promise
to
make
the
US
the
“world
capital
of
crypto.”
His
administration
has
received
substantial
support
from
crypto
executives.

Trump
also
named
Sriram
Krishnan,
a
former
partner
at
the
venture
capital
firm
Andreessen
Horowitz,
as
senior
AI
policy
advisor.

Meanwhile,
Bitcoin
posted
its
first
significant

weekly
price
drop
since
Donald
Trump’s
November
presidential
election
win,
which
sparked
a
rally
that
propelled
the
cryptocurrency
above
six
figures.
For
the
week
that
ended
December
22,
Bitcoin
slid
8.6%,
or
about
$10,500,
to
close
at
$95,645.

The
plunge
came
after
the
Federal
Reserve
turned
more
cautious
on
the
outlook
for
interest
rate
cuts
in
2025.

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