Leading stablecoin Tether (USDT) officially announced the appointment of former White House Crypto Council Executive Director Bo Hines as a digital asset and U.S. strategy advisor, meaning the company will accelerate its plans to enter the U.S. market under the pro-crypto policy environment of the Trump administration.
Who is Bo Hines?
According to reports, Bo Hines was a college American football star, a Republican congressional candidate, and obtained a law degree from Yale University. In December 2024, he was appointed by Trump to the White House to help advance U.S. crypto policy, and during his tenure as chairman of the Digital Assets Council, he participated in the legislative work of the (GENIUS Act) (the first federal-level regulatory framework for stablecoins in the U.S.) and organized a summit gathering industry leaders and government officials. In early August this year, Hines concluded his seven-month term at the White House.
Why is this step important for Tether?
Tether has long been on the fringes of the U.S. regulatory system, but now with the implementation of the (GENIUS Act), the company plans to create a 'compliant stablecoin' that meets U.S. regulations and is suitable for institutional adoption. Hines' joining is seen as a crucial step, as he can provide direct connections and policy experience in Washington.
Tether CEO Paolo Ardoino stated that the U.S. plan is 'actively underway,' and Hines' experience will help in its implementation.
'His deep understanding of the legislative process, along with his passion for the practical application of blockchain, makes him an invaluable asset for Tether's entry into the world's largest market.'
Currently, the USDT issued by Tether remains the largest stablecoin globally, with a circulating supply exceeding $166 billion.
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