Senate's top Democratic investigator looking into Tether payments to Bo Hines' firm
Senator Richard Blumenthal, the ranking Democrat on the investigations subcommittee, added a probe of the ex-White House crypto adviser to his list of crypto interests.
U.S. Senator Richard Blumenthal, the top Democratic investigator, is examining Tether's payments to Bo Hines' firm, Nxum Group, according to reports. Blumenthal, who chairs the Senate's Permanent Subcommittee on Investigations, sent letters to Tether and Nxum Group, raising concerns about the ethical and legal implications of these transactions.
The inquiry focuses on a political action committee associated with Tether and Hines' role in cryptocurrency legislation. Tether CEO Paulo Ardoino has not yet responded to Blumenthal's requests for information.
Written by urgent.news from CoinDesk's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
