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Tether Paid More Than $6 Million to Hines-Linked Firm During GENIUS Act Push

Nxum, co-founded by former White House crypto adviser Bo Hines, shared the payments among its three partners.

By Riza Dagoc
Published
A plain folder rests between three empty chairs in a meeting room / TokenPost.ai
A plain folder rests between three empty chairs in a meeting room / TokenPost.ai

During Hines’ work to advance the GENIUS Act, Tether sent more than $6 million to Nxum, the consulting firm he co-founded.

Nxum’s three partners shared the payments.

Hines had served as a White House crypto adviser and co-founded Nxum. During the period covered by the payments, he was working to advance the GENIUS Act.

The timing is the central connection between the payment and the GENIUS Act push, and the details do not establish that the money changed the legislation or Hines’ work.

Riza Dagoc

Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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