based on materials from the site - By CryptoPotato_News
In a press release provided by CryptoPotato, Tether, the company behind the largest stablecoin by market capitalization, announced the appointment of the former executive director of the Cryptocurrency Advisory Council of the White House under President Donald Trump as its new advisor.
Bo Hines, who will lead the digital assets and strategy department in the U.S., will immediately begin working to coordinate Tether's ambitious goals, leveraging his unique skill set in the private sector as well as in legal and political fields.
While serving as president, he played a key role in promoting strategies that strengthened the relationship between the government and blockchain, helped develop the first protective barriers for stablecoin issuers, and stimulated further innovations in the field of digital assets.
Hines also led specialized interdepartmental groups that worked on the secure integration of these achievements into the American financial system and ensuring customer security. Tether's recruitment of a former White House cryptocurrency advisor marks a decisive step towards creating a completely new digital economy.
The CEO of the stablecoin issuer, Paolo Ardoino, noted this achievement:
"The appointment of Bo demonstrates our commitment to establishing a strong presence in the U.S., covering various sectors, from digital assets to new opportunities, including a deep focus on potential further investments in national infrastructure.
His deep understanding of the legislative process combined with enthusiasm for the practical implementation of blockchain makes him an invaluable asset as Tether enters the largest market in the world."
In this role, the new advisor will closely collaborate with Tether's leadership, shaping and implementing the company's market entry strategy in the U.S., as well as building relationships with lawmakers and industry partners. Furthermore, although the company's investment division, Tether Investments, has already reinvested nearly $5 billion into the country's ecosystem, Hines's inclusion in their ranks will strengthen their commitment to this market. "During my time in public service, I have witnessed firsthand the transformative potential of stablecoins to modernize payments and enhance financial accessibility."
I am very excited to join Tether at such an important moment and help create a product ecosystem that will set the standard for stability, compliance, and innovation."
#MarketRebound , #Сryptomarketnews
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