Senator Blumenthal demands Tether provide records of dealings with Bo Hines' firm Nxum

Senator Richard Blumenthal requested Tether to provide records of its dealings with Bo Hines and his consulting firm Nxum by Nov. 3. The Wall Street Journal reported that Nxum earned $6.3 million from a Tether deal struck in May 2025 while Hines, who held a one-third stake, helped craft the GENIUS Act. Tether stated it is aware of the allegations and that an internal investigation found no evidence of wrongdoing, while a Nxum representative claimed Hines was not involved in the Tether deal while in government and received no Tether-derived funds during that period.