Senator probes Tether’s reported $6 million payments to ex-White House crypto adviser’s firm

Tether faces US Senate scrutiny over multimillion-dollar payments to a consulting firm co-owned by a former White House crypto adviser. On Oct. 22, Senator Richard Blumenthal, the rating Democrat on the Senate Permanent Subcommittee on Investigations, demanded data on the stablecoin issuer’s reported payments to Nxum, a consulting firm co-founded by Bo Hines, who helped…

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