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Today in crypto, a Wall Street Journal investigation revealed that former Trump crypto adviser Bo Hines retained a financial stake in a firm that benefited from a Tether deal while he helped advance US stablecoin legislation. Meanwhile, Ledger introduced an $849 hardware wallet with stronger anti-tampering protections following a security incident in Asia, and Australia’s securities regulator proposed new capital, custody and trading requirements for crypto platforms ahead of a 2027 rollout.
Former White House crypto adviser Bo Hines retained a one-third stake in an investment firm that received millions of dollars from Tether while he was helping advance landmark US stablecoin legislation, according to a Wall Street Journal investigation.
The report found that Nxum, an investment company Hines co-founded, received $6.3 million through an agreement with Tether, with the first payment arriving while Hines was still serving in the Trump administration.
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