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

The move signals a bid to navigate new GENIUS Act rules, formalizing a U.S. market entry.

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 Hires Trump's Crypto Advisor
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.

Overview

  • Tether named Bo Hines Strategic Advisor for Digital Assets and U.S. Strategy to lead market entry and policymaker outreach under the GENIUS Act framework.
  • Hines resigned from the White House on Aug. 9 after serving as executive director of the President’s crypto council and helping shape the administration’s stablecoin policy.
  • CEO Paolo Ardoino framed the hire as part of a broader push to build a U.S.-based presence focused on compliance and potential further investments in domestic infrastructure.
  • The issuer of USDT reports a roughly $167 billion market cap, nearly $5 billion reinvested in U.S. projects, and about $127 billion in U.S. Treasuries backing its reserves.
  • The appointment renews scrutiny given past regulatory run-ins, including a 2021 New York Attorney General settlement, while some reports say a U.S.-focused stablecoin is being considered for late 2025 or 2026.