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Senator Blumenthal probes Tether payments to former White House adviser Bo Hines' firm
U.S. Senator Richard Blumenthal, ranking Democrat on the Senate Permanent Subcommittee on Investigations, has opened a probe into payments made by stablecoin issuer Tether to Nxum Group, a consulting firm owned by former White House crypto adviser Bo Hines. Blumenthal sent letters to Tether CEO Paulo Ardoino and to Nxum requesting details of the business arrangements, citing concerns about ethical and legal issues. The Wall Street Journal reported that Nxum received large consulting payments while Hines advised the Trump administration on crypto policy. Tether has not responded to comment requests. The investigation follows Blumenthal’s broader scrutiny of crypto firms, including prior reports on Tether’s ties to Iran and Cantor Fitzgerald.