Ex-Trump crypto adviser profited after helping pass stablecoin bill: WSJ

The Wall Street Journal reported that a company co-founded by Bo Hines, a former crypto adviser to President Trump, profited after he helped pass the GENIUS stablecoin bill. The report raises conflict-of-interest concerns around how stablecoin legislation was advanced and who benefited financially. Traders may watch for political backlash or heightened scrutiny of stablecoin regulation, which could weigh on sentiment toward the sector.