Skip to main content

Understand. Power. Act.

The Library

New

One story, all the way down.

Trump aide’s firm quietly pocketed millions from crypto giant his law now governs: WSJ

A Trump White House crypto adviser's family business quietly collected millions from a company with everything riding on the law he was shepherding. Bo Hines , who led the Trump administration's push for the Genius Act stablecoin law, kept a one-third stake in his consulting firm Nxum while Tether, the world's largest stablecoin issuer, steered millions…

Sources (1)· Oct 15, 3:51 AM

crypto regulation scandal Government Technology Economy

Every telling

their own versions

Raw Story· Oct 15, 3:51 AMTrump aide’s firm quietly pocketed millions from crypto giant his law now governs: WSJ

More like this

similar stories in the archive

US Prosecutors Want $84.2 Million From a Bank Tied to TetherFederal prosecutors are targeting a Montana payments firm and a Caribbean bank accused of moving money without a license.

Decrypt20d agoWhole story →

Economy tether bank forfeiture

Fed Sets Out Stablecoin Rules Under GENIUS ActThe Federal Reserve proposed new capital, redemption and disclosure requirements for stablecoin issuers as it moves to implement the GENIUS Act.

Cointelegraph21d agoWhole story →

Technology stablecoin regulation proposal

Tether Says It Helped Freeze $550M in IranTether says it helped freeze nearly $550 million in Iran-linked USDT this year as Senate investigators called for a federal probe into its sanctions compliance.

Cointelegraph17d agoWhole story →

Security iran sanctions probe

Tether claims $550 million in Iran freezes, but $35 million slipped past SenateTether says it helped freeze $550M in Iran-linked USDT in 2026 as Senate investigators scrutinize delays before some wallets were blocked.

CryptoSlate16d agoWhole story →

Economy iran sanctions enforcement

Tether USDT aids Iran funding, Senate report saysBy Chandni ShahSept 28 (Reuters) - Tether's USDT stablecoin has become a "significant financial lifeline" for Iran and a tool for funding proxy organizations, including Hezbollah, according to a report led by Senate Democrats, published on Monday.Led by Senator Richard Blumenthal of Connecticut, the top Democrat on the Senate Permanent Subcommittee on…

Al-Monitor17d agoWhole story →

Security Richard Blumenthal iran sanctions report

Senate Democrat Presses Cantor Fitzgerald on Tether Ties and Lutnick Family ProfitsSen. Richard Blumenthal wants Cantor Fitzgerald to open its records on Tether and on how much Commerce Secretary Howard Lutnick's family has earned from its business deal.

Decrypt6d agoWhole story →

Technology Richard Blumenthal crypto regulation probe

'Let Them Eat Cake': How Trump Family Pocketed Nearly $3 Billion While Millions of Americans Lost Food AidA report released Thursday details how the family of President Donald Trump "pocketed more than $2.9 billion"—including "in cash and gifts from crypto ventures, legal settlements, a luxury jet from a foreign government, and corporate deals"—while Republican cuts to the Supplemental Nutrition Assistance Program left millions of Americans without critical…

Common Dreams2h agoWhole story →

Cantor Faces Senate Scrutiny Over Tether, Lutnick TiesSenator Richard Blumenthal is demanding records on Cantor Fitzgerald’s Tether partnership, sanctions oversight and financial benefits to Howard Lutnick’s family.

Cointelegraph7d agoWhole story →

Security Richard Blumenthal tether senate scrutiny

Trump aide’s firm quietly pocketed millions from crypto giant his law now governs: WSJ – KnowGov