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Senator Blumenthal Seeks Records on Tether Payments
Senator Richard Blumenthal of the United States Senate has requested records from Tether regarding reported payments of over $6 million to Nxum, a consulting firm co-founded by Bo Hines. Hines, who helped shape US crypto policy, now serves as the CEO of Tether's US stablecoin business. The inquiry focuses on potential conflicts of interest and federal ethics, anticorruption, and lobbying laws violations.