In the United States, former football star Robert “Bo” Hines has been appointed as the executive director of the Presidential Council of Advisers for Digital Assets, marking a positive step for cryptocurrency policy. The announcement was made by President-elect Donald Trump on his social media platform Truth, introducing Hines as the newest member of his Crypto Council, which consists of industry luminaries.
Hines, a law graduate and former college football player for the NC State Wolfpack and Yale Bulldogs, transitioned into politics in 2021 after retiring from American football in 2017. Trump is swiftly assembling his Crypto Council, with David Sacks, known as the “AI and crypto czar,” appointed as the chair. Sacks, an entrepreneur from South Africa, has been tasked with developing a legal framework to provide clarity for the crypto industry in the US.
Another recent appointment by Trump is Sriram Krishnan as the Senior Policy Advisor for AI at the White House Office of Science and Technology Policy. As a founding member of Windows Azure, Sriram is expected to collaborate closely with Sacks and the Crypto Council.
The establishment of a Crypto Council in the White House is a significant move for the cryptocurrency industry. This advisory group, comprised of pro-crypto experts, will focus exclusively on digital asset policies in the US. With the right legislation in place, the crypto market is poised for growth.
Trump also plans to create a US bitcoin strategic reserve, with MicroStrategy founder Michael Saylor suggesting that such a reserve could generate $81 trillion for the US Treasury. Saylor is advocating for a digital assets framework that defines clear roles for issuers, exchanges, and owners to ensure fairness and prevent manipulation in the market.
One cryptocurrency benefiting from these developments is Wall Street Pepe ($WEPE), a presale meme coin that aims to level the playing field for smaller investors and prevent market manipulation by whales. $WEPE has raised nearly $35 million in its presale, setting new records and attracting a growing community of supporters.
As $WEPE enters its next stage of presale, investors are urged to conduct their own research before participating. Visit the $WEPE X channel and review the whitepaper to understand the project better. This article does not constitute financial advice, so it is essential for investors to make informed decisions before investing in cryptocurrencies.
