Ex-Trump Crypto Adviser Bo Hines Profited from Stablecoin Bill Passage, WSJ Reports

Bo Hines, a former crypto adviser to Donald Trump, held a one-third stake in his co-founded investment company, Nxum, while advocating for the GENIUS Act, which established national innovation for US stablecoins. Nxum reportedly received $6.3 million from stablecoin issuer Tether during the period Hines was in government. Hines maintained contact with Nxum partners via Signal while advising Trump and allegedly pressured partners to label opposing Republican lawmakers as undermining the president. The GENIUS Act was signed into law in July 2025 and is set to take effect in January 2027.