Wall Street Journal: Money from Tether flowed to Nxum while Bo Hines worked in the White House on landmark stablecoin legislation. Once the law passed, Tether hired him as its U.S. chief.
…A Nxum representative said that when Hines was working in the White House, he wasn’t aware that Nxum had business dealings with Tether and wasn’t involved in them. The representative said Hines “did not receive any Tether-derived funds during that period, and had no economic relationship of any kind with Tether while serving in the White House,” and that he didn’t engineer an arrangement for a position at Tether…