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President-elect Donald Trump appears to be downsizing Crypto promises List via another staff decision.
Trump said on Sunday that Beau Haynes will serve as executive director of the President's Council of Advisors for Digital Assets. David Sacks, co-founder of PayPal Trump clicked To be named the US government's chief AI and cryptocurrency officer earlier this month, he will head this group.
Hynes will work with Sachs to “foster innovation and growth in the digital asset space, while ensuring industry leaders have the resources they need to succeed,” Trump said. books On social truth.
“Together, they will work to create an environment in which this industry can thrive and remain a cornerstone of our country’s technological progress,” he added.
Hines, a former NC State (Wale) football player, sought to represent North Carolina's 13th Congressional District in 2022, but lost that election to Democrat Wiley Nickel. He launched a campaign in December 2023 to represent the state's 6th Congressional District - he endorsed Trump that same month before posting this on X in January:
Trump had referred to the US Cryptocurrency Council in July during His address In Bitcoin 2024 conference In nashville. He said it was something he would put together "right away" before asking for a show of hands that he wanted to be in. The crowd roared.
The then-presidential candidate said the council's task of designing regulatory guidance for cryptocurrencies would be completed within 100 days. We'll have to keep an eye on that.
Reuters I mentioned Last month, people at cryptocurrency companies Ripple, Kraken, Circle, Paradigm, and a16z were among those who wanted a seat at that table.
Trump's continued involvement in the industry seems to show that his pro-crypto rhetoric was more than just lip service. A few days before the Reuters story was published, Trump nominated Crypto-Friendly Cantor Fitzgerald CEO Howard Lutnick to Lead Commerce Department
The soon-to-be president also just met with Crypto.com CEO Chris Marszalek last week Appointments related to encryption And Bitcoin reserves.
Those who congratulated Hines on X yesterday included major crypto figures Michael Saylor and Fred Thiel – leaders of two companies (MicroStrategy and Marathon Digital) that own approximately 490,000 Bitcoin combined.
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