Bo Hines Lands at Tether as Strategic Advisor Amid U.S. Expansion
Former White House Crypto Council director to guide Tether’s domestic strategy and new U.S. stablecoin launch
Bo Hines didn’t stay on the sidelines for long.
Just over a week after stepping down as Executive Director of the White House Crypto Council, the former Trump official is joining Tether as Strategic Advisor for Digital Assets and U.S. Strategy.
Hines, 29, a key architect of the administration’s crypto initiatives — including the GENIUS Act, the first federal stablecoin framework — takes on the role at the world’s largest stablecoin issuer at a defining moment in its long-awaited push into the American market.
The expansion comes despite years of resistance in Washington, where regulators and lawmakers have long questioned Tether’s transparency and the backing of its USDT reserves.
In a blog post Tuesday, Tether CEO Paolo Ardoino called Hines “an invaluable asset” to the “Once In A Century Company.”
“Bo’s appointment demonstrates our commitment to building a strong U.S.-based presence that spans multiple sectors,” he said.
In his new role, Hines will leverage his relationships with lawmakers, regulators, and government officials to guide Tether’s U.S. strategy, including a new domestic stablecoin, separate from Tether’s flagship USDT, set to launch in the coming months. He will also oversee domestic investments (Tether says it has already invested nearly $5 billion in the U.S. economy) and infrastructure projects, signaling the company’s serious intent to establish a foothold in a market it has long separated itself from.
The hire comes just days after Hines told Crypto In America he was returning to the private sector after seven months in the Trump administration. Beyond the GENIUS Act, he helped shape the CLARITY Act — the House’s market structure bill now pending in the Senate — organized the administration’s first crypto summit, and co-authored a 160-page interagency report on digital assets.
“During my time in public service, I witnessed firsthand the transformative potential of stablecoins to modernize payments and increase financial inclusion,” Hines said. “I’m thrilled to join Tether at such a pivotal moment.”
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When government employees transition to the private sector, it's often referred to as the "revolving door" phenomenon.
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The Revolving Door:
This metaphor describes the movement of individuals between government roles (like lawmakers or regulators) and positions within industries that are affected by government policies and regulations.
Concerns:
This practice raises concerns about potential conflicts of interest, as former government officials might leverage their past connections and knowledge gained in public service to benefit their private sector employers or themselves. It can also lead to the erosion of public trust and raise questions about the integrity of government decision-making.
"Cooling-Off" Periods:
Many jurisdictions have "revolving door" laws or ethics regulations in place, often including "cooling-off" periods. These mandatory waiting periods restrict former government employees from lobbying or engaging in certain activities with their former agencies for a specific duration after leaving public service. The purpose of these measures is to reduce the potential for undue influence and to help prevent former officials from using their prior positions to improperly benefit their new employers.
Potential Benefits:
However, proponents of the revolving door argue that it can facilitate the exchange of expertise and ideas between the public and private sectors, potentially bringing valuable knowledge and insights to both sides.
In essence, while the revolving door can have potential benefits, it's also a practice subject to ethical scrutiny due to the inherent potential for conflicts of interest and the erosion of public trust.
Tether couldn’t have hired a better man .
A smart move by them and we now know “Bo knows Chess”