Tether paid over $6 million to an affiliated company of a former White House crypto advisor, raising conflict-of-interest concerns.
According to a Wall Street Journal investigation, during his push for the GENIUS Act, the consulting firm Nxum, which he co-founded and holds equity in, established a commercial relationship with Tether. Citing internal documents, communications, and payment records, the newspaper reported that Tether paid over $6 million to Nxum, which was distributed among three partners.
