WSJ: Tether Paid $6.3M to a Firm Co-Founded by Bo Hines While He Ran White House Crypto Policy

The Wall Street Journal reports Tether paid $6.3 million to Nxum, an investment firm Bo Hines co-founded and held a one-third stake in, with the first payment made while Hines was still the White House’s top crypto adviser. WSJ cites his Signal messages to Nxum partners about the GENIUS Act’s progress. Hines joined Tether a month after the act was signed and now runs its US arm; Tether has not responded.