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Senate Democrat Probes Tether Payments to Ex-White House Crypto Adviser’s Firm
Sen. Richard Blumenthal, the top Democrat on the Senate Permanent Subcommittee on Investigations, demanded Tether’s records on payments to Nxum, a firm co-owned by former White House crypto adviser Bo Hines. The Senate Permanent Subcommittee on Investigations is investigating Tether over millions of dollars that reportedly flowed to Nxum while Hines helped shape U.S. stablecoin law at the White House.