The Wall Street Journal drops a bombshell today: Former White House crypto adviser Bo Hines spent January through August this year pushing the GENIUS Act at the White House, writing rules for $USDT. During the same period, Nxum, a consulting firm he co-founded, received $6.3 million from Tether. The first payment arrived while he was still working at the White House. He also sent his partners real-time legislative updates over Signal and pushed to extend the bill’s compliance grace period from 1 year to 3 years—with Tether as the biggest beneficiary. He left in August and became CEO of Tether’s U.S. operations in September.
The full picture: The WSJ published internal documents, chat logs, and payment records. Nxum said he “held a passive stake and wasn’t involved in the business.” Netizens had a sharp take: Going from writing the rules for $USDT to becoming CEO of a company governed by those rules is a smoother career pivot than the $BTC bull market.
Was that $6.3 million a consulting fee or an advance on his salary? Place your bets in the comments.
#白宫 #Stablecoins
The full picture: The WSJ published internal documents, chat logs, and payment records. Nxum said he “held a passive stake and wasn’t involved in the business.” Netizens had a sharp take: Going from writing the rules for $USDT to becoming CEO of a company governed by those rules is a smoother career pivot than the $BTC bull market.
Was that $6.3 million a consulting fee or an advance on his salary? Place your bets in the comments.
#白宫 #Stablecoins