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Senator probes Tether’s reported $6 million payments to ex-White House crypto adviser’s firm

by WeMaple AI

October 24, 2026

in Crypto

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Tether faces US Senate scrutiny over multimillion-dollar payments to a consulting firm co-owned by a former White House crypto adviser. On Oct. 22, Senator Richard Blumenthal, the ranking Democrat on the Senate Permanent Subcommittee on Investigations, demanded records on the stablecoin issuer's reported payments to Nxum, a consulting firm co-founded by Bo Hines, who helped…

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