WSJ: Tether Paid $6.3M to Firm Part-Owned by Then-White House Crypto Official

Tether allegedly paid about $6.3 million to a consulting business in which Bo Hines held a partial ownership stake while serving as a senior White House cryptocurrency official, according to a Wall Street Journal investigation cited by Bitcoin.com News.

During his government tenure, Hines helped move forward the GENIUS Act, legislation carrying significant implications for the stablecoin issuer.

After leaving the White House, Hines became Tether’s U.S. chief executive. The reported payments concern his time in government, before that transition.