U.S. President Donald Trump speaks as Crypto czar David Sacks, U.S. Treasury Secretary Scott Bessent, U.S. Trade Secretary Howard Lutnick, and Government Director of the Presidential Council of Advisers for Virtual Property Bo Hines attend the White Space Crypto Height on the White Space in Washington, D.C., U.S., March 7, 2025.
Evelyn Hockstein | Reuters
Bo Hines has disagree skilled background in crypto. He earned his regulation stage 3 years in the past from Wake Jungle. He’s two times unsuccessfully run for Congress in North Carolina.
Now the 29-year-old former soccer participant is wrapping up his 2nd presen as some of the leaders of President Donald Trump’s crypto schedule.
“We’re well on our way in delivering on the President’s promise to welcome in the golden age for digital assets,” Hines instructed CNBC in an interview this month. “And make the United States the crypto capital of the planet.”
Hines is repeating a high-level message Trump has been uttering for the reason that waning months of his marketing campaign extreme yr, when he changed into the crypto trade’s sunlit option to run the rustic. Hines is operating below former mission capitalist David Sacks, who Trump tapped to be the primary White Space AI and crypto czar.
Hines mentioned he and Sacks are running “hand in glove” not to most effective rewire crypto legislation, however to do it briefly.
“The president’s given us the authority to do that,” Hines mentioned. “He trusts his advisors.”
Hines performed extensive receiver for North Carolina Surrounding’s soccer staff, and has mentioned his pastime in virtual belongings started way back to 2014, when he performed within the BitPay-sponsored Bitcoin St. Petersburg Bowl. N.C. Surrounding beat the College of Central Florida via a landing within the recreation, and Hines stuck 3 passes.
Hines was at Wake Jungle to pursue a regulation stage. He explored regulatory problems linked to crypto and became a retail investor. He nearest grew to become his consideration to population administrative center, shedding campaigns for Congress in 2022 and 2024.
However alongside the best way, within the 2022 number one, Hines gained the endorsement of Trump, who referred to as the candidate a “proven winner both on and off the field” in a information loose from his Save The usa PAC.
In past due 2024, Hines was once tapped via President Trump to manage his Council of Advisers on Virtual Property. Now, he’s tasked with serving to steer nationwide crypto technique, below Sacks, with a word of honour to “move at tech speed.”
Hines mentioned a lot of the gang’s early paintings has taken with dismantling what trade insiders name “Operation Choke Point 2.0.” It’s how they please see an alleged crackdown via legacy banks on virtual asset companies.
“They were victims of lawfare for the last four years,” Hines mentioned, relating to the Biden management. “These are people that are doing nothing but helping our American economy grow.”
On March 24, the gang will accident its 60-day milestone — and ship its first poised of suggestions. Even though Hines was once bright on specifics, he previewed a length of concepts into consideration, from proposals to scrap and rewrite out of date IRS laws to increase a “Strategic Bitcoin Reserve” thru “budget-neutral” purchases.
“We view bitcoin as digital gold,” he mentioned. “We want as much of it as we can possibly have for the American people,” he mentioned. “And it’s not going to cost the taxpayer a dime.”
Hines floated one thought from the Bitcoin Office presented via Sen. Cynthia Lummis, R-Wyo., which comes to the usage of the unrealized worth of U.S. gold reserves to procure crypto.
“There’s a bunch of creative ways we could get into,” he mentioned.
Hines added that, like Sacks, he’s totally divested from crypto, despite the fact that he declined to mention whether or not others within the running crew would observe swimsuit.
“I can only speak for our office,” he mentioned.
On the other hand, Hines mentioned he’s now not eager about Trump’s personal crypto-related monetary entanglements, which might pose very evident conflicts of pastime. Trump and his crowd have released a number of memecoins, virtual collectibles, and a yet-to-be-launched crypto vault.
“He engaged with those assets before he took office,” Hines mentioned. The Trump memecoin was once presented all through establishing weekend. “He’s an American citizen. He has a right to engage in any market that he wants to.”
Hines lauded SEC Commissioner Hester Peirce, who was once tapped to manage a unutilized crypto process power, in addition to management on the Commodities Futures Buying and selling Fee. Regulators are already “on the ground making changes,” from throwing out complaints to rewriting enforcement laws, he mentioned.
He’s additionally looking at Congress, the place a bipartisan Senate committee lately complicated stablecoin law, a go Hines referred to as “monumental.”
“Stablecoins could usher in U.S. dollar dominance for decades to come,” he mentioned. “It could alter the course of the way our financial markets work.”
WATCH: David Sacks on bringing public from tech trade to Washington
