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1h ago

Tether Hires Bo Hines to Steer U.S. Strategy Under New Stablecoin Law

The former White House crypto adviser helped craft the GENIUS Act guiding Tether’s U.S. push.

Former top White House crypto official Bo Hines is joining Tether.
Figurines with computers and smartphones are seen in front of Tether logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
Tether has appointed Bo Hines, former Executive Director of the White House Crypto Council under President Donald Trump, as Strategic Advisor for Digital Assets and US Strategy, according to a Tuesday press release. Hines will directly engage and coordinate Tether's US strategy and expansion as part of the Group's core team. During his tenure at the White House, he led initiatives to advance digital asset innovation, develop stablecoin issuer guidelines, and strengthen relationships between the government and the blockchain industry. "Bo's appointment demonstrates our commitment to building a strong US-based presence that spans across multiple sectors, starting with digital assets and expanding to new opportunities, including a deep focus on potential further investments in domestic infrastructure," said Paolo Ardoino, CEO of Tether. In his new role, Hines will work with Tether's leadership to shape the company's US market entry and develop relationships with policymakers and industry stakeholders. Tether Investments has already reinvested almost $5 billion in the US ecosystem. "During my time in public service, I witnessed firsthand the transformative potential of stablecoins to modernize payments and increase financial inclusion," said Bo Hines. "I'm thrilled to join Tether at such a pivotal moment, helping to deliver an ecosystem of products that will set the standard for stability, compliance, and innovation in the US market - one that will empower American consumers and help revolutionize our nation's financial system." Hines, a North Carolina native, holds an undergraduate degree from Yale University and a J.D. from Wake Forest University School of Law. He played collegiate football at NC State and Yale before transitioning to public service. This is a developing story.
Bo Hines

Overview

  • Tether named Bo Hines strategic advisor for digital assets and U.S. strategy with a mandate to shape market entry and engage policymakers.
  • Hines left his White House post on Aug. 9 after less than seven months, having worked on the GENIUS Act that set federal rules for stablecoins.
  • Tether says the appointment advances plans to comply with the law’s foreign-issuer pathway and to establish a stronger domestic presence.
  • The company cites USDT’s roughly $167 billion market value, about $127 billion in U.S. Treasuries backing, and nearly $5 billion reinvested in the U.S.
  • Attention to the move reflects Tether’s prior regulatory history and its political and commercial links, including Cantor Fitzgerald as custodian, a $775 million Rumble investment, and lobbyist Jeff Miller.