WSJ: Tether Paid Over $6M to Firm Co-Owned by Ex-White House Crypto Adviser
- —Tether paid Nxum over $6 million, split among three partners
- —Bo Hines co-founded Nxum and held a stake while promoting the GENIUS Act
- —Hines discussed the bill with partners via Signal while serving in the White House
- —In September 2025 Hines became CEO of Tether's U.S. stablecoin business
Why it matters: The report could intensify scrutiny of stablecoin regulation and Tether's standing in the U.S.
Source: PANews
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