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Cryptos, Markets

Trump Adds Pro-Crypto Allies to Cabinet, Including Former Soccer Player Bo Hines

December 23, 2024 OnEquity

Bo Hines has been selected to head the newly formed “Crypto Council,” working alongside the “cryptocurrency czar,” as Michael Kratsios and Lynne Parker join in crypto-policy roles, among other appointments.

U.S. President-elect Donald Trump continues to appoint cryptocurrency advocates to senior roles in his upcoming administration.

In a post on his Truth Social account on Sunday, Trump announced two new advisors on economic matters, including former college soccer player Bo Hines, who will serve as the Executive Director of the President’s Council of Advisors on Digital Assets, referred to by Trump as the “Crypto Council.”

Hines, who previously won the Republican nomination for North Carolina’s 13th Congressional District but lost in the general election, will collaborate with David Sacks, the incoming “Crypto Czar,” to advance the Republican administration’s pro-cryptocurrency agenda.

Earlier in December, Trump appointed Sacks—a prominent venture capitalist and influential figure in Silicon Valley—as the new “Artificial Intelligence and Cryptocurrency Czar,” a position specifically created to establish U.S. dominance in these rapidly growing sectors.

“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 stated.

“Both will create an environment where this industry can thrive and remain a critical part of our nation’s technological advancement.”

More Appointments to Trump’s Cabinet

In addition to Hines and Sacks, Trump appointed Michael Kratsios to lead the White House Office of Science and Technology Policy. Kratsios and Hines will collaborate with Lynne Parker in crypto-policy roles under the President’s Council of Advisors for Science and Technology (PCAST), where Sacks will also report.

Kratsios, who held lower-level tech-related roles in Trump’s first administration, has also contributed to staffing the newly established Department of Government Efficiency (DOGE), an initiative spearheaded by Elon Musk to streamline federal government operations.

On Sunday, Trump also nominated former Treasury Department official Stephen Miran—an advocate of digital currencies—as Chair of his Council of Economic Advisers. Additionally, billionaire Stephen Feinberg, co-founder of a venture capital firm, was named the official No. 2 at the Pentagon.

Other defense-related appointments include Michael Duffey as the next Undersecretary for Acquisition and Maintenance, Emil Michael as Undersecretary for Research and Engineering, Keith Bass as Undersecretary for Health Affairs, and Joe Kasper as Chief of Staff for Secretary Pete Hegseth, Bloomberg reported.

In other key appointments, Trump named Scott Kupor, managing partner at Andreessen Horowitz, to head the Office of Personnel Management; Mauricio Claver-Carone as State Department Special Envoy for Latin America; Callista Gingrich as Ambassador to Switzerland; and Stephen Vaden as Deputy Secretary of Agriculture.

Trump is scheduled to be sworn in on January 20, and many of these positions are pending Senate confirmation.

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