Well, stablecoin legislation has gotten a whiff of money this time too:
The WSJ says that while former White House adviser Bo Hines was pushing the GENIUS Act, his own consulting firm, Nxum, received over $6 million from Tether. After the bill passed, he went on to become Tether’s U.S. head.
In my view, don’t treat the compliance narrative as a guarantee. When it comes to stablecoin positions, keep an eye on political friction first.
Are you still willing to chase the stablecoin narrative? Share your positions in the comments.
The WSJ says that while former White House adviser Bo Hines was pushing the GENIUS Act, his own consulting firm, Nxum, received over $6 million from Tether. After the bill passed, he went on to become Tether’s U.S. head.
In my view, don’t treat the compliance narrative as a guarantee. When it comes to stablecoin positions, keep an eye on political friction first.
Are you still willing to chase the stablecoin narrative? Share your positions in the comments.