Tether Brings In Trump’s Former Crypto Adviser Bo Hines as Strategic Guide

His focus will be on digital assets and the company’s approach to the US market.

The company explained in a press release on August 19 that Hines will help guide its entry into the United States by working on both strategy and outreach. Part of his role will be to build relationships with policymakers and other industry players.

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Paolo Ardoino, the firm’s chief executive, noted that Hines brings knowledge of government processes and an interest in practical blockchain use. He said these qualities make Hines a valuable addition as Tether expands into what it calls the world’s largest market.

Hines served as the Executive Director of the President’s Council of Advisers on Digital Assets. In that position, the 29-year-old worked on policies for stablecoins and other digital assets, including a plan that aimed to create a Bitcoin
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$112,788.29

He said his government role gave him a clear view of how stablecoins could improve payments and widen access to financial services.

Commenting on his new role, Hines said:

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.

On August 9, Hines announced that he stepped away from his position in the US government to return to private industry. What did he say? Read the full story.