Tether payments reportedly reached Bo Hines' firm through a marketing middleman

Unchained, citing the Wall Street Journal, reports that Nxum, which Bo Hines co-owned while leading the White House's stablecoin effort, received about $6.3 million under a Tether marketing deal. The first payment went through a marketing intermediary in May 2025. The Journal says Hines pushed for a longer stablecoin compliance window that mainly benefited Tether. A Nxum representative said Hines was unaware of its Tether business and received no Tether-derived funds while in office.