Crypto Firm Tether Names ex-White House Official Bo Hines As Adviser

In his new position, Hines will provide counsel on U.S. market strategy and digital asset policy, while also engaging with lawmakers and industry stakeholders to bolster Tether’s standing in the country, according to Reuters.

Tether Chief Executive Paolo Ardoino said the company views Hines as a key addition, noting: “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.”

Hines previously served as executive director of the Presidential Council of Advisers for Digital Assets, where he played a role in advancing the GENIUS Act — a regulatory framework for stablecoins — and contributed to broader policy discussions on cryptocurrency. He stepped down from his White House role in August to transition back into the private sector, per Reuters.

Reflecting on his government experience, Hines said: “During my time in public service, I witnessed firsthand the transformative potential of stablecoins to modernize payments and increase financial inclusion.”

Stablecoins, which are cryptocurrencies pegged to assets such as the U.S. dollar, have been gaining traction as investors grow more confident amid clearer regulatory guidance, Reuters reported.

Source: Reuters