According to Wall Street Journal investigation, Bo Hines, former White House crypto adviser, held a one-third stake in consulting firm Nxum that received approximately $6.3 million through a Tether-linked arrangement while he was serving as executive director of the White House digital-assets policy group starting in May 2025.

The first payment of $2.49 million was sent in May 2025, roughly two months before President Donald Trump signed the GENIUS Act into law on July 18. Nxum received the funds through Notorious, a marketing company, under a contract reportedly worth $415,000 per month. Nxum stated that Hines did not know about or work on its Tether business while in government and received no money from the arrangement during that period. Hines left the White House in August 2025 and joined Tether as strategic adviser for digital assets.

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