One of the largest political advocates for crypto in America is now joining Tether. But, why?
What’s happening:
- Bo Hines has officially joined Tether as a strategic advisor
Why it matters:
- Bo Hines was previously the Executive Director of the White House’s Crypto Council under President Donald Trump
Going deeper:
- Tether has publicly stated that Bo Hines will closely collaborate with federal government agencies in the United States to establish a new stablecoin issued by Tether that will be fully compliant with American digital asset regulatory frameworks
- Stablecoins in the United States of America have been a major theme both in Washington, D.C. and Wall Street lately, which has been largely fuelled by President Donald Trump signing the GENIUS Act into law to establish the first ever regulatory framework for stablecoin issuers and companies
