According to Cointelegraph, the Wall Street Journal reported that a company co‑founded by Bo Hines benefited from the passage of the GENIUS stablecoin bill. The article notes that Hines previously served as an adviser to Donald Trump on cryptocurrency matters and later helped in efforts related to the bill’s advancement.
The report indicates that after assisting with the process that led to the bill’s enactment, the company associated with Hines experienced financial advantage. No details are provided about the amount of profit, timing beyond the passage of the bill, or specific actions taken by Hines in relation to investors or regulators.
