Tether appoints ex-Trump adviser Bo Hines to lead U.S. strategy and regulatory engagement

Tether has appointed Bo Hines, a former senior political strategist in the Trump administration, as its Strategic Advisor for Digital Assets and U.S. Strategy, signaling a major shift in the company’s approach to regulatory and policy engagement in the United States [1]. Hines, who previously served as National Finance Chair for the 2016 Republican National Committee and as a senior advisor to the Trump campaign and White House, will begin working immediately to guide Tether’s expansion, regulatory engagement, and strategic initiatives across the U.S. [1].

In his new role, Hines will oversee U.S.-focused strategy, engage with federal and state regulators, and work with key stakeholders to ensure Tether’s initiatives align with legal and operational standards [1]. His appointment underscores Tether’s commitment to navigating the evolving regulatory landscape and strengthening its influence in Washington.

Hines emphasized the transformative potential of stablecoins in modernizing payments and expanding financial inclusion during his public service career, and he expressed a desire to apply that experience to the private sector [1]. He highlighted the opportunity to help develop a framework that supports stability, compliance, and innovation in the U.S. market, while empowering American consumers and advancing the country’s financial system [1].

Tether’s decision to hire Hines aligns with its broader strategy to deepen its U.S. presence and expand its market influence. The company has already reinvested nearly $5 billion into the U.S. ecosystem as part of its domestic growth plan and holds approximately $127 billion in U.S. Treasuries to back its USDT tokens. If Tether were a sovereign entity, it would rank as the 18th-largest holder of U.S. debt, underscoring its growing economic footprint [1].

Tether CEO Paolo Ardoino stated that Hines’ appointment demonstrates the company’s commitment to building a strong U.S.-based presence across multiple sectors, including digital assets and potential future investments in domestic infrastructure [1]. The move positions Tether to more effectively engage with policymakers and shape the regulatory environment for stablecoins and other crypto-related innovations.

This appointment is part of a broader trend among cryptocurrency firms to hire former government officials with political and regulatory expertise. As the U.S. continues to establish itself as a key jurisdiction for crypto innovation, companies are increasingly seeking to align with individuals who can facilitate dialogue, influence policy, and support industry growth [1].

Source:

[1] Tether recruits ex-Trump adviser Bo Hines to bolster US strategy – CryptoSlate (https://cryptoslate.com/tether-recruits-ex-trump-adviser-bo-hines-to-bolster-us-strategy/)