Tether paid millions to Bo Hines’ firm while he worked at the White House

A Wall Street Journal report says Tether sent approximately $6.3 million to Nxum, a consulting firm Hines co-founded, before hiring him to run its US business Tether sent approximately $6.3 million to a consulting firm co-founded by Bo Hines, according to The Wall Street Journal. At least part of that money moved while Hines was still working in the White House. Hines later joined Tether and now runs its US operations. The sequence is drawing conflict-of-interest scrutiny, because Hines helped advance the stablecoin law that now governs companies like his new employer. The firm is called Nxum.

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