Thoughts tagged "Tether"

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This WSJ investigation exposes yet more Tether-related corruption at the White House, revealing that they paid Bo Hines' consulting firm millions as he was ensuring the Genius Act stablecoin law would benefit them.

I needed a diagram.

Diagram showing how former White House crypto council officials Bo Hines and Harry Jung connect to the consulting firm NXUM, Tether and Tether US, the Fellowship PAC, Cantor Fitzgerald, and Commerce Secretary Howard Lutnick, including payments of $6.3M+ from Tether and $6.5M+ from the PAC to NXUM, and a loan from Tether to Lutnick.
“He Crafted a Crypto Law for Trump—as His Company Got Millions From a Crypto Giant”.
Sam Kessler in The 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.