Bo Hines / Tether Conflict of Interest Scoop
A new scoop reveals that while Bo Hines was leading the White House's push to pass the Genius Act (stablecoin bill), Tether was steering millions to a company he co-owned. Right after the bill passed, Tether hired him as its US chief.
What we know
An account on X amplified the scoop (426 RTs): Hines was the point person on the Genius Act, the legislation with the most direct impact on Tether's business, while simultaneously having a financial relationship with Tether via a co-owned company. His subsequent hiring as Tether's US chief after the bill's passage is the core allegation. This story has significant implications for the regulatory legitimacy of the stablecoin framework being built in Washington.
How the story developed
A new scoop reveals that while Bo Hines was leading the White House's push to pass the Genius Act (stablecoin bill), Tether was steering millions to a company he co-owned. Right after the bill passed, Tether hired him as its US chief.
A scoop reveals Tether steered millions to a company co-owned by Genius Act lead Bo Hines, then hired him as US chief. Separately, OCC confirms banks systematically denied services to lawful businesses on political grounds 2020–2025.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.