Current outcome
WSJ/Protos reported that Tether paid $6.3M to Nxum Capital, co-founded by Bo Hines, while Hines was a White House digital-assets adviser, with funds routed via Bitfinex and intermediary Notorious; the first $2.49M payment was sent on May 11, 2025; the contract was transferred directly to Nxum after Hines left the White House; Nxum denies Hines received Tether-derived funds during that period; the report also mentions related super PAC funding and GENIUS Act advocacy.
Progress timeline
2 material updates- #01
【WSJ：Bo Hines 任职白宫期间，其持股公司通过 Tether 相关合作获 630 万美元】
The Wall Street Journal reported that Bo Hines held a stake in consulting firm Nxum, which collected $6.3M from Tether-related partnerships while he was executive director of the White House crypto council pushing the GENIUS Act, including a bid to extend its compliance transition from 18 to 36 months, before he became head of Tether's US operations.
Source evidence: foresightnews
- #02
Tether paid Bo Hines’ company while he was at White House, WSJ
WSJ/Protos added details: Tether routed payments to Nxum via Bitfinex and intermediary Notorious, with the first $2.49M sent on May 11, 2025; the contract was transferred directly to Nxum after Hines left the White House; Nxum denied Hines received Tether-derived funds during his White House tenure; the report also mentioned related super PAC funding.
State after update: WSJ/Protos reported that Tether paid $6.3M to Nxum Capital, co-founded by Bo Hines, while Hines was a White House digital-assets adviser, with funds routed via Bitfinex and intermediary Notorious; the first $2.49M payment was sent on May 11, 2025; the contract was transferred directly to Nxum after Hines left the White House; Nxum denies Hines received Tether-derived funds during that period; the report also mentions related super PAC funding and GENIUS Act advocacy.
Source evidence: Protos