Tether Poaches White House Crypto Council Leader

Tether has tapped former White House Crypto Council director Bo Hines as its new Strategic Advisor for Digital Assets and U.S. Strategy, underscoring the company’s push to expand in the U.S. under the Trump administration’s pro-crypto policy environment.

What’s the Scoop?

• Washington Insider Move: Hines previously helped craft the GENIUS Act, the first federal stablecoin framework, and played a key role in convening industry and government leaders during his White House tenure.
• Timing: The hire comes just weeks after the passage of GENIUS and days after Hines stepped down from his role as executive director of the White House Crypto Council.
• Tether’s Strategy: The company is working on launching a regulated U.S. dollar stablecoin, aiming to align with new federal laws while leveraging Hines’s policy expertise.
• Scale: Tether remains the world’s largest stablecoin issuer, with USDT’s circulating supply topping $166B.

Bankless Take:

A visible political appointee within the White House Crypto Council, Bo Hines's appointment as Tether advisor is emblematic of the revolving door between the public and private sector. It stands to deepen ties between the Trump Administration and the non-GENIUS compliant stablecoin issuer.