Trump’s top crypto adviser departs administration
Witt thanked President Donald Trump and senators for backing the CLARITY Act, and said he will share his next steps soon.
- On Wednesday, Patrick Witt, President Donald Trump's top cryptocurrency adviser, announced his departure from the administration in a lengthy post on X, calling his time in the White House the "privilege of his lifetime."
- Advancing the CLARITY Act, a proposed federal bill establishing a framework for cryptocurrency, was the central focus of Witt's tenure while he worked within the Council. He thanked multiple senators for their support in moving the legislation forward.
- Separately, a recent Wall Street Journal report alleged Bo Hines' firm, Nxum, received about $6.3 million from Tether while Hines led the White House stablecoin push. The firm allegedly received payments through marketing middleman Notorious to avoid direct ties.
- Citing a report from the Senate Permanent Subcommittee on Investigations regarding Iran's use of USDT, Sen. Richard Blumenthal urged the Treasury and Justice Department to investigate Tether. The company already faces significant scrutiny in Washington.
- Despite recent staff departures, a White House official confirmed that the CLARITY Act remains a priority for Trump. Regarding his own future, Witt noted he will have more to share soon.
12 Articles
12 Articles
Trump’s former top crypto advisor faces scrutiny over allegations his firm accepted millions from Tether while he shaped key stablecoin law
A new investigation reports that former White House crypto advisor Bo Hines helped shape a stablecoin law while, at the same time, a consulting firm he co-owned received millions of dollars from Tether, the industry’s biggest player. Hines then joined Tether’s new U.S. division shortly after leaving the government. The investigation, conducted by the Wall Street Journal, found that Nxum, a consulting firm Hines cofounded in 2022, earned $6.3 mi…
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-…
A Wall Street Journal investigation connects Tether to $6.3 million paid to Nxum, a company co-founded by Bo Hines, former cryptic advisor to Donald Trump. Article Donald Trump: His former cryptic advisor linked to a $6.3 million deal with Tether appeared first on Cointribune.
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
