Tether reportedly paid around $6.3 million to Nxum, a consulting firm partly owned by Bo Hines, a former senior White House cryptocurrency official. Hines helped advance the GENIUS Act, legislation affecting stablecoins like Tether, before leaving government to join Tether as U.S. CEO. Payments began while Hines was still in office, raising questions about potential conflicts of interest. Nxum denies wrongdoing, stating Hines recused himself from company affairs during his government tenure. This investigation highlights concerns about the close ties between regulators and industry players in the crypto space.
Tether USDT trades at Rp17,902 on Pluang as of Oct 15, 2026 17:41 WIB, showing a slight 0.04% increase in one day. The stablecoin's market cap stands at Rp3.295,4 trillion with a 24-hour volume of Rp1.568,29 trillion. On Pluang, 67% of orders are sell orders, while 33% are buy orders, with typical hold times around 91 days.
In the past 24 hours, Bitcoin and Ether experienced significant net outflows of $324 million and $443 million respectively, indicating investors are pulling funds from these major cryptocurrencies. Meanwhile, stablecoins USDC and USDT saw net inflows...
Nxum, co-founded by former White House crypto adviser Bo Hines, earned $6.3 million from a consulting deal with Tether. Hines, who held a one-third stake in Nxum while in government, shared stablecoin bill strategies with partners and advocated for a...
Tether reportedly paid $6.3 million to Nxum, a consulting firm co-owned by former White House cryptocurrency adviser Bo Hines, while he was involved in advancing the GENIUS Act, a federal stablecoin regulation law. Hines retained ownership in Nxum du...
Tether sent about $6.3 million to Nxum, a consulting firm co-founded by Bo Hines, during the time he served as executive director of the White House's digital assets council. Hines later became CEO of Tether's US operations. This has raised conflict-...
The upcoming CPI data release, expected at 3.6%, could influence Federal Reserve rate decisions and market volatility, impacting Bitcoin's performance in November. Historically, November has been strong for Bitcoin, with significant returns, and rece...
