Senate's top Democratic investigator looking into Tether payments to Bo Hines' firm
Blumenthal is seeking details on reported Tether payments to Bo Hines’ consulting firm, citing possible conflicts tied to his White House crypto role.
- On Thursday, Senator Richard Blumenthal, the ranking Democrat on the Senate Permanent Subcommittee on Investigations, sent letters to Tether and Nxum Group requesting details regarding payments made to the firm, which Hines started while advising the White House.
- The Wall Street Journal reported last week that Nxum received large payments from Tether while Hines advised President Donald Trump on crypto policy, which Blumenthal wrote raises "alarming ethical and legal concerns" regarding potential impropriety.
- Blumenthal is investigating Tether's connection to Cantor Fitzgerald, Trump's World Liberty Financial, and activities at Binance, having recently issued a report on financial connections to Iran.
- Tether CEO Paulo Ardoino criticized the senator's work this week, stating Blumenthal ignored important information and shared his report with the press before offering the company a chance to respond.
- Prediction market Kalshi currently gives Democrats a 69% chance of taking control of the Senate, as their odds have improved in recent weeks despite remaining in the minority during Trump's time in office.
27 Articles
27 Articles
Cointelegraph
The New York LedgerUS Senate to Probe Tether Payments to Ex-Trump Adviser’s Company
The Senate Permanent Subcommittee on Investigations demanded records between Tether and Nxum, the company co-founded by former White House crypto adviser Bo Hines.
Blumenthal probes Tether payments to Nxum
Senator Richard Blumenthal requested records regarding Tether's reported $6 million payments to Nxum, a consulting firm co-founded by former White House crypto adviser Bo Hines. Read the original on Blumenthal probes $6 million Tether payments to Nxum. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
CryptoSlate
Cryptocurrency News | Cryptocurrency Prices | Market CapSenator probes Tether’s reported $6 million payments to ex-White House crypto adviser’s firm
Tether faces US Senate scrutiny over multimillion-dollar payments to a consulting firm co-owned by a former White House crypto adviser. On Oct. 22, Senator Richard Blumenthal, the ranking Democrat on the Senate Permanent Subcommittee on Investigations, demanded records on the stablecoin issuer's reported payments to Nxum, a consulting firm co-founded by Bo Hines, who helped… Read the full story on CryptoSlateUnderstand the crypto stories that ma…
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