Trump crypto appointment spurs optimism
President-elect Donald Trump has appointed Bo Hines as the executive director of the Presidential Council of Advisers for Digital Assets, with David Sacks, PayPal's co-founder, serving as chair. This council aims to foster growth and innovation in the digital assets sector while providing necessary resources to industry leaders. Under Trump's vision, the council will work on designing crypto regulatory guidance, aiming for completion within 100 days. Trump has been actively engaging with the crypto industry, indicating his commitment to pro-crypto policies. He previously appointed crypto-friendly Cantor Fitzgerald CEO Howard Lutnick to the Department of Commerce and met with Crypto.com CEO Kris Marszalek regarding potential collaboration. Many prominent figures in the cryptocurrency space, including leaders from MicroStrategy and Marathon Digital, welcomed Hines's appointment, reflecting optimism within the industry about this new leadership and regulatory direction.
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