Trump’s top crypto adviser departs administration
Witt thanked Trump and senators for advancing the bill and said he will share future plans soon as the crypto framework remains a priority.
- Patrick Witt, President Donald Trump's top cryptocurrency adviser, announced his departure this week, calling the role the 'privilege of his lifetime' in an online post.
- Despite Witt's departure, the White House confirmed the CLARITY Act, a proposed federal framework for digital assets, remains a priority for Trump's administration.
- Scrutiny regarding Bo Hines, a former Trump crypto adviser, has emerged following reports that he allegedly profited from the GENIUS Act while leading White House stablecoin policy.
- Reports claim Hines' firm, Nxum, received about $6.3 million under a Tether marketing deal; representatives for Hines deny he was involved in the business during his tenure.
- A broader 'revolving door' trend continues as former government officials join digital asset companies; Solidus Labs recently hired Kevin Webb, a former Commodity Futures Trading Commission senior counsel.
14 Articles
14 Articles
White House Crypto Adviser’s Company Financially Benefitted from GENIUS Act: WSJ
The Wall Street Journal reported that former White House crypto adviser Bo Hines’ company Nxum benefitted from a $6.3 million deal with Tether while the GENIUS Act was moving through Congress.
Trump’s former top crypto advisor faces scrutiny over allegations his firm accepted millions from Tether while he shaped key stablecoin law
Bo Hines kept a one-third stake in his consulting firm, Nxum, during the legislative push, then left the White House to lead Tether’s U.S. division.
Tether Payments Reportedly Traced to Bo Hines' Firm Through a Marketing Middleman
Nxum, a small consulting firm that Bo Hines co-owned while he led the White House’s stablecoin push, has taken in about $6.3 million under a marketing deal with Tether, the Wall Street Journal reported on Oct. 14. The first installment was paid in May 2025, before the GENIUS Act became law. Hines was executive director of the White House’s digital assets council, formally the President’s Council of Advisers on Digital Assets. He also held a one-…
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