Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, a Wall Street Journal investigation revealed that former Trump crypto adviser Bo Hines retained a financial stake in a firm that benefited from a Tether deal while he helped advance US stablecoin legislation. Meanwhile, Ledger introduced an $849 hardware wallet with stronger anti-tampering protections following a security incident in Asia, and Australia’s securities regulator proposed new capital, custody and trading requirements for crypto platforms ahead of a 2027 rollout.

Former White House crypto adviser Bo Hines retained a one-third stake in an investment firm that received millions of dollars from Tether while he was helping advance landmark US stablecoin legislation, according to a Wall Street Journal investigation.

The report found that Nxum, an investment company Hines co-founded, received $6.3 million through an agreement with Tether, with the first payment arriving while Hines was still serving in the Trump administration.

Read more