Ethereum co-founder and Cardano’s founder Charles Hoskinson has praised Trump’s new appointee, Bo Hines, despite concerns raised by the crypto community on his experience in the crypto arena. Trump appointed 29-year-old Hines to lead as executive director of the White House Crypto Council on 22nd December.
Bo Hines, an unknown name in the crypto industry, landed a high-profile appointment from President-elect Donald Trump. DJT announced on 22nd December last year that he had appointed the 29-year-old politician and former college football player to lead a White House “crypto council.”
The appointment sparked a wave of discussions among the crypto community on whether the young man was qualified with adequate experience in the crypto industry to run such an office.
Cardano’s Charles Hoskinson endorses Trump’s appointee Bo Hines
Hearing a lot of good things about Bo Hines. Looks like Trump picked a really solid guy
— Charles Hoskinson (@IOHK_Charles) January 16, 2025
Amid the confusion, the founder of Cardano, Charles Hoskinson, supported the appointment, saying he was hearing good things about Bo Hines. The Cardano founder added that Trump may have picked a “solid guy,” likely noting that Hines may be fit to take on the new responsibilities. Crypto Twitter appeared to be in agreement with the Cardano founder, with some claiming Bo Hines has been pro-crypto for a long and has what it takes to keep the industry thriving.
Bo Hines, who previously ran to represent a North Carolina district in Congress, will assume the role of executive director of the Presidential Council of Advisers for Digital Assets, which incoming crypto czar David Sacks will chair.
Since his appointment, Hines has not been vocal about his plans as an executive director of the Crypto Council, which has prompted praise from the Cardano founder. He expressed gratitude to his patron, Donald Trump, saying he is thrilled to work in the next administration alongside David Sacks, a former PayPal executive who was appointed by Trump earlier in December.
Hines has not made many public statements regarding crypto assets and the entire DeFi ecosystem. However, it is not surprising that he is a pro-crypto politician – if he wasn’t one, he wouldn’t have found himself leading such a senior role in the incoming administration.
Hines believes DeFi is the future of finance
Perhaps the only time Hines posted about digital assets on X was in January 2024. According to the post, Hines termed digital assets the epitome of individual empowerment in finance. He also wrote that there was no need for the government to obstruct the industry with “burdensome” regulations on financial innovation.
Hines explained that the crypto sector needs the freedom to grow organically. He finished the post by saying that DeFi is the future if regulators don’t crush it. His statement came at a time when SEC enforcement actions against crypto firms hit a record high under Gary Gensler’s leadership.
Based on the post, Hines’ views on crypto are far from conservative. Although Hines was never an active crypto evangelist, his X post clearly shows that he sees cryptocurrency and decentralized finance as pivotal aspects of finance in society.
Besides being a crypto supporter, the young politician has publicly showcased his loyal support for Donald Trump and strong criticism against the Biden-Harris administration. Trump also endorsed him when he was vying for the U.S. House seat in North Carolina back in 2022, calling him an America First patriot, a fighter, and a winner.
Trump appoints several pro-crypto candidates to join his administration
Trump’s incoming administration features several pro-crypto candidates, and the President-Elect has confirmed their appointment. One notable figure is the incoming pro-crypto SEC chair, Paul Atkins, who is set to replace Gary Gensler, the outgoing SEC chair.
Trump and Atkins are expected to begin lifting anti-crypto policies that were in place during the Biden-Haris administration under Gensler’s leadership as early as immediately after Trump’s inauguration.
Gary Gensler stepped down from his U.S. SEC role and announced his resignation will be effective on January 20th once Trump assumes office. He also appointed Elon Musk as the head of a new government wing called the Department of Government Agency to reduce government expenditure and cut federal spending.
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