Tether has reportedly paid $6.3 million through an arrangement involving a consulting firm co-owned by former White House cryptocurrency adviser Bo Hines, with the first payment arriving while he was helping advance federal stablecoin legislation.
Summary
- Tether reportedly paid approximately $6.3 million to a consulting firm partly owned by former White House cryptocurrency adviser Bo Hines.
- The first payment was made in May 2025, while Hines was serving in the Trump administration and helping advance the GENIUS Act.
- Hines retained a one third ownership stake in Nxum, although the firm denied that he was involved in its dealings with Tether during his government…
