Former Trump adviser's firm gained from Tether deal amid bill passage, WSJ reports
CIE News ·
Based on reporting by Cointelegraph; not yet independently confirmed.
According to a Wall Street Journal report cited by Cointelegraph, former Trump crypto adviser Bo Hines' firm Nxum secured a $6.3 million Tether deal while the GENIUS Act moved through Congress.
A company co-founded by former White House crypto adviser Bo Hines financially benefited from a deal with Tether while the GENIUS stablecoin bill progressed through Congress, Cointelegraph reported, citing The Wall Street Journal. The report states that Hines' firm, Nxum, gained from a $6.3 million agreement with the stablecoin issuer during the legislative process. The Wall Street Journal outlined ties between Hines' advisory position and the financial gains received by the entity after the GENIUS Act passed.
Key facts
- $6.3M Tether deal reported
- Company named Nxum
- GENIUS stablecoin bill passed
- Reported by WSJ
Read the original at Cointelegraph