Stablecoin market leader Tether has hired a Washington insider as the firm moves to establish a U.S. presence under President Donald Trump’s pro-crypto administration.
Tether has named Bo Hines, formerly executive director of the White House Crypto Council, as a Strategic Advisor for Digital Assets and U.S. Strategy, signaling a fresh push into U.S. policy markets. A former college football standout, GOP congressional candidate, and Yale-trained attorney, Hines was appointed in December 2024 to support U.S. crypto policy formation under President Trump.
As head of the Digital Assets Council, he was part of the effort that helped secure passage of the GENIUS Act, crafting a federal legal framework for stablecoin, and led a summit that brought together the industry’s top leaders with government officials. Hines stepped down from his White House role in early August after seven months, ahead of a return to private sector work, The Block reported.
Why this move matters for Tether
Tether has long operated on the fringes of U.S. regulation. With Hines aboard, the firm gains a direct link to the corridors of power and bolsters its ambition to establish an institutional-grade, U.S.-compliant stablecoin under the recently enacted GENIUS Act.
CEO Paolo Ardoino has said U.S. plans are “well underway,” and Hines’s experience may fuel execution. “His deep understanding of the legislative process, combined with his passion for practical blockchain adoption, makes him an invaluable asset as Tether enters the biggest market in the world,” Tether’s chief noted in a Tuesday statement.
Tether issues crypto’s largest stablecoin, USDT, which has a circulating supply of over $166 billion, according to The Block’s data dashboard.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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