Attached Named the figure from cryptocurrency to the White House once to an advisory role.
Hines was appointed Stablecoin strategic advisor for digital assets and American strategy, Tether announcement Tuesday August 19. This follows his mandate as Executive Director of the White House cryptography council under President Donald Trump.
“Hines brings a unique mixture of political expertise, legal training and information on the private sector,” the company said in a press release. “During his stay at the White House, he played a decisive role in the progress of initiatives to promote innovation in digital assets, developing clear guards for stablecoin issuers and establishing collaborative relations between the government and the blockchain industry. He also managed working groups focused on responsible innovation, consumer protection and the safe integration of emerging technologies in the American financial system. ”
In this new role, Hines will work with Tether Leadership to help plan and execute the entry of the company on the American market and establish relations with decision -makers and stakeholders in the cryptographic industry, added the press release.
“During my stay in the public service, I saw in the first hand the potential transformer of the stalls to modernize payments and increase financial inclusion,” said Hines, adding that Tether was preparing to “deliver a product ecosystem that will establish the standard for stability, conformity and innovation on the American market”.
TETHER, based in El Salvador, whose stablecoin USDT is the most exchanged cryptocurrency in volume in the world, has been prohibited from operating in New York and paid nearly $ 60 million in the State and the State and US Commodity Futures Trading Commission In 2021, to settle their allegations according to which the company made false misleading complaints.
CEO of Tether Paolo Ardoino said last month, El Salvador wanted to return to America, saying to Bloomberg Television in an interview that Tether is “well in the course of our American national strategy”.
Hines, who left his Trump administration role earlier this month, is a former university football player who led two unsuccessful campaigns for the North Carolina Congress, winning Trump’s approval during his first postponement in 2022.
He had limited crypto experience before joining the White House earlier this year. A report By the South China Morning Post noted its role of CEO of the media society “Pro-America, Gen Z, Anti-Swoke” Today is America.
