The WSJ dug up a story: While Bo Hines was pushing a stablecoin bill at the White House, Nxum—a company in which he owns a one-third stake—received about $6.3 million from Tether. The first payment came in May last year. He left 22 days after the bill was signed, then joined Tether. Nxum says he wasn’t involved.
Honestly, it’s no surprise: the three-year transition period he championed benefits $USDT more than anyone.
Does this count as a revolving door? Let’s talk in the comments. Follow for more insights (not investment advice).