Trump Appoints Two New Pro-Cryptos To His Administration

New Pro-Cryptos Appointed to Trump’s “New Crypto Council”

Two New Appointments By Pro-Crypto Donald Trump

Donald Trump has recently announced appointing Bo Hines to work under his crypto and AI czar David Sacks. Sriram Krishnan, a former Andreessen Horowitz (a16z) general partner, will play the role of senior AI policy advisor in his new crypto council.

Trump, through his social media platform Truth Social, announced yesterday that Bo Hines will be the Executive Director of his crypto council, namely the presidential Council of Advisers for Digital Assets. This council will be a new advisory group composed of luminaries from the crypto industry, headed by David Sacks.

Bo Hines is a graduate of Yale University, and Wake Forest University Law School.

Sriram Krishnan will be the senior policy advisor for Artificial Intelligence at the White House of Science and Technology Policy. He is known to have begun his career at Microsoft as one of the founding members of Windows Azure.

In the new role, Bo Hines is expected to coordinate with David Sacks and ensure that the crypto industry succeeds with the availability of all required resources. The new President-elect is looking forward to an environment where the industry flourishes and keeps bringing technological advancement to the nation.   

Sriram Krishnan will be focussing on maintaining America’s leadership in AI and helping shape as well as coordinate AI policy across the government. He will work closely with David Sacks.

It may be noted here that Bo Hines is a former college football player, who ran as a Republican candidate for North Carolina’s US House seat in 2022, narrowly losing to Democrat rival Wiley Nickel. 

Hines is known to be among the several Republican candidates who received funding from the American Dream Federal Action super PAC and other pro-crypto PACs. Ryan Salame, former FTX CEO, contributed $13.4 million to Hines and other Republican candidates. He is now serving a seven-year term in prison for his unlawful political funding and other crimes.

Meanwhile, Sriram Krishnan has accepted the ‘honour to be able to serve the country.’

Reflecting Upon Trump’s Pro-Crypto Appointments

Trump also appointed billionaire Elon Musk and other pro-crypto backers to key advisory roles. He nominated Paul Atkins, a pro-crypto businessman and former SEC Commissioner, to chair the United States Securities and Exchange Commission. 

While Paul Atkins’ appointment is expected to ease SEC’s enforcement actions against the crypto industry, Donald Trump is keeping his promises he made during the elections regarding the crypto industry. Trump is known to have amassed millions of dollars of funds from top crypto industry executives.

While this is not all, Trump also recently announced his nomination for the chairman of the Council of Economic Advisors. He has nominated Stephen Miran for the role. Miran has served as a senior advisor for economic policy at the country’s Treasury Department under Trump’s first administration. This is yet another pro-crypto nomination by Donald Trump. 

Effect On Bitcoin

With the ongoing appointments and nominations, the price of BTC is expected to reach 7 figures. Ark Invest’s founder, Cathie Wood, has predicted a $1 million BTC price by 2030. Trump’s son, Eric Trump is also known to have said that the price could hit $1 million per coin due to a scarcity in supply.

David Sacks had once said that Bitcoin could separate money and the state due to its decentralized, neutral nature.