Crypto community cheers as Trump names pro-crypto advisors Stephen Miran and Bo Hines for economic and digital assets councils Crypto community cheers as Trump names pro-crypto advisors Stephen Miran and Bo Hines for economic and digital assets councils
Trump fosters economic expansion and digital innovation with Miran and Hines at the helm of economic and crypto councils.
2 min read
Updated: Dec. 23, 2024 at 10:22 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Over the weekend, US President-elect Donald Trump announced two significant appointments underlining his continued support for the crypto sector.
On Dec. 22, Trump revealed that he has nominated Economist Stephen Miran to lead the Council of Economic Advisors, while Bo Hines has been named Executive Director of the newly formed Crypto Council.
Council of Economic Advisors
Trump expressed confidence in Miran’s capabilities, noting that his role within the economic team will be pivotal in igniting a significant economic expansion that benefits all Americans.
Following his nomination, Miran expressed enthusiasm for the opportunity to implement economic policies that prioritize prosperity without inflationary risks. He emphasized his commitment to driving sustainable growth that supports Americans across all income levels.
He wrote:
“I look forward to working to help implement the President’s policy agenda to create a booming, noninflationary economy that brings prosperity to all Americans.”
Miran, who previously served as a senior economic policy adviser during Trump’s first term, has extensive experience developing strategies to foster economic growth.
Moreover, Miran is a notable proponent of financial deregulation and innovation, particularly in cryptocurrencies, which he believes are crucial for economic development.
Unsurprisingly, this stance has resonated well within the crypto community, attracting praise from industry figures such as the head of private clients at Swan Bitcoin, Steven Lubka, who sees Miran’s appointment as further evidence of Trump’s supportive stance towards the emerging industry and a bullish move for Bitcoin projects.
Crypto council
To bolster innovation in the digital asset sector, Trump also named Bo Hines as the Executive Director of the new Crypto Council.
Hines, a former college football player, will work closely with David Sacks, Trump’s Crypto and Artificial Intelligence Czar, to drive growth and technological progress in the sector.
Trump said:
“Together, [Hines and Sacks] will create an environment where this industry can flourish, and remain a cornerstone of our Nation’s technological advancement.”
Hines expressed enthusiasm about his new role, highlighting the importance of fostering technological progress. He said:
“I am thrilled to work alongside the brilliant David Sacks to ensure that this industry will thrive.”
In addition to these appointments, Trump also announced Sriram Krishnan, a former Andreessen Horowitz partner, as the senior AI policy adviser.
Krishnan’s role will involve coordinating AI policy across the government and maintaining US leadership in artificial intelligence.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
a16z
Andreessen Horowitz (known as “a16z”) is a venture capital firm in Silicon Valley specializing in investing in seed, start-ups, early, mid-stage, growth, and late stage.
Donald John Trump was born on June 14, 1946, in Queens, New York City.
