Late final month, a cryptocurrency working group led by Hines and together with a number of administration officers outlined the Trump administration‘s stance on market-defining crypto legislation and referred to as on the US securities regulator to create new guidelines particular to digital belongings.
Shortly after taking workplace in January, Trump had ordered the creation of the crypto working group and tasked it with proposing new rules, making good on his marketing campaign promise to overtake US crypto coverage.
“Serving in President Trump’s administration and dealing alongside our good AI & Crypto Czar @DavidSacks as Government Director of the White Home Crypto Council has been the glory of a lifetime,” Hines stated in a submit on X on Saturday.
Sacks, the White Home AI czar, praised Hines in response to the submit asserting his departure.
Hines has twice unsuccessfully run for Congress in North Carolina.
Trump final month signed a legislation to create a regulatory regime for dollar-pegged cryptocurrencies often called stablecoins, a milestone that would pave the way in which for the digital belongings to grow to be an on a regular basis method to make funds and transfer cash.
Hines was a backer of that laws, dubbed the GENIUS Act.
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