In the United States, former football star Robert “Bo” Hines has been appointed executive director of the President’s Council of Advisors for Digital Assets, signaling another positive step for cryptocurrency policy.
President-elect Donald Trump Break the news On his social media platform, the truth, announcing Heinz As the latest addition to the newly formed Cryptocurrency Council, which Trump describes as “an advisory group comprised of prominent figures from the cryptocurrency industry.”
Hines is a law graduate and former college football player who played for the NC State Wolfpack and Yale Bulldogs. After retiring from American football in 2017, the Republican entered politics in 2021.
Trump is wasting no time assembling an illuminating cryptocurrency council. He recently announced that it will be headed by an “AI and crypto czar.” David Sacks. The South African-born businessman was tasked with “working on a legal framework, so that the cryptocurrency industry gets the clarity it has been asking for, and can thrive in the United States,” according to Trump.
Another recent appointment by Trump is that of Sriram Krishnan to the position of Senior AI Policy Advisor in the White House Office of Science and Technology Policy.
Sriram, a founding member of Windows Azure, is expected to work closely with Sacks and the Crypto Council.
Full speed forward for cryptocurrencies
Having a cryptocurrency council in the White House is a very important step for cryptocurrencies. The advisory group of prominent pro-crypto figures is set to focus exclusively on digital asset policies in the United States. With proper legislation, the cryptocurrency market can only grow.
Trump also plans to create a strategic bitcoin reserve in the United States, prompting MicroStrategy founder Michael Saylor to do so. claim That Bitcoin reserves could create $81 trillion for the US Treasury.
Saylor also proposes a framework for digital assets, under which clear roles would be defined for issuers, exchanges and owners, ensuring that no participant – regardless of their role – can “lye, cheat or steal.” “
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