President-elect Donald Trump has appointed Bo Hines as executive director of the Presidential Council of Advisers for Digital Assets, also known as the "Crypto Council".
Hines, along with David Sacks as the "Crypto Czar," will work to create an atmosphere encouraging innovation in the digital assets industry.
The council aims to establish a link between the government and the crypto sector, fostering more innovative standards and open policies.
The appointments reflect Trump's vision of integrating blockchain and AI technology to stimulate economic development.