US senator probes Tether after reported deal with ex-Trump crypto adviser
Summary
Senator Richard Blumenthal has requested contracts, payment records and communications between Tether and Nxum, a marketing and lobbying firm co-founded by former White House crypto adviser Bo Hines. The request follows a report about a $6.3 million Tether-Nxum deal. Blumenthal alleges Hines retained an ownership stake while coordinating lobbying on stablecoin legislation, and says messages indicate Tether directed Nxum’s advocacy on the GENIUS Act. Hines later joined Tether and became CEO of Tether US. Tether had not immediately responded to a request for comment. Blumenthal says the arrangement raises ethical and legal concerns.
