Tether Paid a Firm Owned by a Former White House Crypto Official, WSJ
A Wall Street Journal investigation alleges that Tether paid approximately $6.3 million to a consulting firm partly owned by Bo Hines while he served as a senior White House cryptocurrency official. Hines helped advance the GENIUS Act, legislation with major implications for Tether, before leaving government to become the stablecoin issuer’s U.S. chief executive. His […]
Key Takeaways
- A Wall Street Journal investigation alleges that Tether paid approximately $6.3 million to a consulting firm partly owned by Bo Hines while he served as a senior White House cryptocurrency official.
- Hines helped advance the GENIUS Act, legislation with major implications for Tether, before leaving government to become the stablecoin issuer’s U.S.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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