Tether paid $6.3M to firm tied to former Trump crypto adviser Bo Hines: report

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. According to an October 15 investigation by The Wall Street Journal , the payments were connected to Nxum, a consulting firm Hines co-founded with his father and another business partner. Hines retained a one-third ownership stake in Nxum while serving as executive director of the White House’s digital assets council from January to August 2025.

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