In this news:
Bo Hines, a 29-year-old former college football player and former congressional candidate, has suddenly become one of the most influential figures setting US cryptocurrency policy after a being appointed by US president Donald Trump, as per a ’s New Go-To PersonTrump appointed him earlier this year to become the executive director of the President’s Council of Advisers on Digital Assets, according to Fortunes. Trump wants him to create crypto-friendly regulation and roll back the Biden administration’s crackdown on the cryptocurrency industry, reported has fast become like a crypto prince, with crypto CEOs, venture capitalists, and lobbyists wanting to meet him. During his first 30 days on the job, Hines met with over 50 industry players, such as Ripple CEO Brad Garlinghouse and Andreessen Horowitz partners Chris Dixon and Marc Andreessen, as per documents shared with said, “I want to meet with everyone in this space—big players, small players. I want to hear ideas from everyone,” quoted Trump’s Crypto AgendaSince the US president started his second term, the crypto sector has wasted no time checking off items on its top goal list, as per the report. Some of the achievements include the dismissal of SEC lawsuits against crypto behemoths Coinbase and Ripple, and the presidential pardon of Ross Ulbricht, the founder of dark web marketplace Silk Road, who had been serving a double life term, according to Fortune. Bo Hines’ Top PriorityHowever, Hines still has a lot of work to do, with his top agenda to help advance a bill to oversee stablecoins, a type of dollar-backed cryptocurrency, reported Fortune. Hines emphasized that a bipartisan consensus is necessary to pass any bill, though he admitted that he had not engaged with any Democratic lawmakers yet, as per the report. He said that Republican lawmakers are working across the aisle while he’s been focused on meeting with policy organizations that interact with Democratic congressional members, reported will also work on a more challenging bill to would establish regulatory guidance for everything from issuing new tokens to how crypto exchanges operate, as per the report. According to the Fortune report, the law would create clear rules for the industry to operate legally after years of , Trump had asserted that he would sign both the stablecoin and broader crypto legislation into law by the August recess, as per the report. Hines also mentioned that, “We’re going to do anything we can to usher that along. The president’s very adamant about delivering his promises to the industry,” as quoted in the is Bo Hines, and why is he suddenly in the spotlight?Bo Hines is a 29-year-old former college football player and ex-congressional candidate who’s now leading crypto policy efforts for the Trump the Biden administration been anti-crypto?Under Biden, the SEC cracked down hard on big players like Coinbase and Ripple. Trump’s team is actively reversing that approach.
.png)
