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Tether payments to Bo Hines-linked firm

Story timeline · 2 updates, 15 Oct to 22 Oct 2026

The Wall Street Journal reported Tether paid over $6m to Nxum, a consultancy co-founded by former White House crypto adviser Bo Hines, while he pushed the GENIUS Act. Senator Richard Blumenthal has now written to Tether and Nxum seeking details of the alleged payments.

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  1. Tether paid over $6m to Bo Hines-linked consultancy Nxum, WSJ reports

    The Wall Street Journal, citing internal documents, messages and payment records, says Tether paid more than $6m to Nxum, a consultancy co-founded and part-owned by former White House crypto adviser Bo Hines, while he pushed the GENIUS Act. Hines left in August and became CEO of Tether's US stablecoin business in September, raising conflict-of-interest questions.

    StablecoinsPANewsAIBearish

  2. Richard Blumenthal probes alleged Tether payments to Bo Hines-linked firm

    US Senator Richard Blumenthal has written to Tether and Nxum Group, a consulting firm co-founded by former White House crypto adviser Bo Hines, seeking details of alleged payments from Tether to Nxum. Blumenthal, the top Democrat on the Senate Permanent Subcommittee on Investigations, called the alleged arrangements highly unusual in a letter to Tether CEO Paolo Ardoino.

    RegulationChainCatcherAIBearish

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.