Update
Tether Payments to Nxum During Hines' White House Role
Tether, the issuer of USDT, sent approximately $6.3 million to Nxum, a consulting firm co-founded by Bo Hines, while he was still working in the White House. Hines later joined Tether and now runs its US operations. The payments are drawing conflict-of-interest scrutiny, as Hines helped advance the stablecoin law that now governs companies like his new employer. Nxum has denied any involvement with Tether during Hines' government service.