Sen. Richard Blumenthal demanded Tether’s records on payments to Nxum, a firm co-owned by former White House crypto adviser Bo Hines.
- Senator Richard Blumenthal is investigating Tether's payments to Nxum, a firm co-owned by former White House crypto adviser Bo Hines.
- The probe focuses on potential ethics violations and lobbying activities related to stablecoin legislation while Hines was in government.
- Tether denies wrongdoing, stating an internal investigation found no evidence of impropriety, but Blumenthal has demanded records by November 3rd.
Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Enforcement actions litigation, Cross jurisdictional policy, Banking depository pilots
Tags: #tether #stablecoin #senate #bohines #nxum #usdt #regulatoryprobe #lobbying #ethics #payments
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