Trump’s former top crypto adviser faces scrutiny over allegations his firm accepted millions from Tether while he shaped key stablecoin law
Bo Hines kept a one-third stake in his consulting firm, Nxum, during the legislative push, then left the White House to lead Tether’s U.S. division.
Former White House crypto adviser Bo Hines is under scrutiny for accepting millions from Tether while shaping key stablecoin legislation. The Wall Street Journal reports that a consulting firm Hines co-founded, Nxum, received $6.3 million from Tether to develop a strategic plan. Hines stepped down from managing the firm when he joined the Trump administration but retained a one-third ownership stake.
Tether hired Hines in July 2025 to lead its U.S. division, continuing to pay Nxum millions. This controversy raises questions about potential conflicts of interest between the Trump administration's crypto policies and the personal business interests of the president and his advisers.
Written by urgent.news from Fortune's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Trump's top crypto adviser departs thehill.com
