Senate's top Democratic investigator looking into Tether payments to Bo Hines' firm
Summary
Senator Richard Blumenthal requested records from Tether and Nxum Group about reported consulting payments made while former White House crypto adviser Bo Hines was involved in shaping crypto policy. Hines now leads Tether’s U.S. arm and co-founded Nxum. Blumenthal said the arrangement raises ethical and legal concerns. The Wall Street Journal reported Nxum received large payments; Tether had not responded to a comment request. Blumenthal has pursued several investigations involving Tether and other crypto interests. Tether CEO Paulo Ardoino has criticized his prior investigative work.
