Tether appoints Bo Hines to lead U.S. expansion amid regulatory clarity

Tether has appointed Bo Hines, the former executive director of the President’s Council of Advisers on Digital Assets under the Trump administration, to help lead its expansion into the U.S. market. A company spokesperson confirmed the move, which marks a significant step for Tether as it aims to strengthen its presence in the country amid growing regulatory clarity following the passage of the Genius Act by Congress this summer [1].

Based in El Salvador, Tether is the world’s largest stablecoin issuer, with its flagship product, USDT, currently valued at a market capitalization of approximately $167 billion. The hiring of Hines comes just weeks after the Trump administration helped push forward a bill that sets the framework for stablecoin regulation in the U.S. His role at Tether will be crucial in navigating the regulatory landscape and building on the company’s existing ties to the administration [1].

Hines joined the Trump administration in January 2024, serving for less than seven months before stepping down on August 9, 2024, to explore opportunities in the private sector. During his tenure, he worked closely with fellow crypto advisor David Sacks to facilitate dialogue between the administration, lawmakers, and industry stakeholders. Hines had previously stated that he believed the Trump administration had achieved its goal of positioning the U.S. as the “crypto capital of the world” [1].

Despite Tether’s history of regulatory challenges, including a 2021 settlement with the New York Office of the Attorney General and an ongoing investigation by the U.S. Department of Justice, the company has continued to build strategic alliances within the Trump administration. Tether has partnered with Cantor Fitzgerald to manage the Treasuries backing its stablecoin and has made significant investments in businesses connected to the administration, including Trump Media & Technology Group [1].

Hines’ appointment will likely reinforce Tether’s political influence and provide a stronger foundation for its U.S. operations. The move also underscores the company’s strategic efforts to align with key figures in the Trump administration as it competes with U.S.-based rivals like Circle, which went public earlier this year [1].

Sources:

[1] title: Tether hires Trump's top crypto official Bo Hines to help ...

(url: https://fortune.com/crypto/2025/08/19/trump-bo-hines-tether-crypto-white-house-stablecoins/)