A $6.3 million consulting arrangement between Tether, the world’s largest stablecoin issuer, and Nxum, a company linked to Bo Hines, former White House digital asset adviser, has raised questions about conflicts of interest. Bo Hines was involved in work on federal stablecoin legislation, including the GENIUS Act. Representatives for Hines say he stepped away from managing relevant business interests during his government service and complied with applicable requirements. The existence of a consulting relationship does not prove that any particular legislative decision was purchased or improperly influenced.
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