"Donald Trump has announced Bo Hines, a former Republican congressional candidate, will be the Executive Director of the Presidential Council of Advisors for Digital assets aka 'the Crypto Council' that will be made up of industry leaders and chaired by David Sacks."

Hines and Sacks will reportedly foster innovation and growth in the digital asset space. The pair will also work to ensure the digital asset sector has adequate resources to succeed.

While Bo Hines' crypto credentials are unclear, he has been a vocal advocate. In January, Hines criticized the Biden administration's anti-crypto stance, saying,

"Cryptocurrency is the epitome of individual empowerment in finance. We don't need the government stepping in and slapping burdensome regulations on financial innovation. This new sector needs the freedom to grow organically. Decentralized finance is the way of the future if regulators don't crush it!"

Trump's latest appointment further underscores the incoming government's pro-crypto agenda and ambition to make the US a leader in the digital asset space.

Meanwhile, Terrett filed a Freedom of Information Act (FOIA) request regarding the Office of Inspector General's (OIG) investigation into potential crypto-related conflicts of interest within the SEC. Terrett reported that the OIG completed the investigation and issued the findings to management.

The investigation centers around former SEC Director of the Division of Corporate Finance, William (Bill) Hinman, a central figure in the SEC v Ripple case.