Senate Democrat Probes Tether Payments to Ex-White House Crypto Adviser’s Firm

Sen. Richard Blumenthal demanded Tether's records on payments to Nxum, a firm co-owned by former White House crypto adviser Bo Hines. The probe targets potential conflicts of interest involving stablecoin issuer Tether and its financial relationships with political figures. Blumenthal's request seeks transparency on transactions between the companies.