Senator Blumenthal investigates Tether payments to Bo Hines' firm Nxum

U.S. Senator Richard Blumenthal, ranking Democrat on the Senate Permanent Subcommittee on Investigations, is scrutinizing reports that Tether made millions in payments to Nxum Group, a firm co-founded by former White House crypto adviser Bo Hines. These payments for consulting work reportedly occurred while Hines was advising President Donald Trump and his administration on crypto policy, raising ethical and legal concerns about Tether's awareness of impropriety. Blumenthal sent letters to Tether and Nxum requesting details of these business arrangements.