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

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CryptoSlate
By Oluwapelumi Adejumo
10/24/2026, 11:00:33 AM
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Senator probes Tether’s reported $6 million payments to ex-White House crypto adviser’s firm
EXECUTIVE SUMMARY

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 ranking Democrat on the Senate Permanent Subcommittee on Investigations, demanded records on the stablecoin issuer's reported payments to Nxum, a consulting firm co-founded by Bo Hines, who helped… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in y

Key Takeaways

  • 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.
  • Get The Catalyst in y Tether faces US Senate scrutiny over multimillion-dollar payments to a consulting firm co-owned by a former White House crypto adviser.

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 ranking Democrat on the Senate Permanent Subcommittee on Investigations, demanded records on the stablecoin issuer's reported payments to Nxum, a consulting firm co-founded by Bo Hines, who helped… Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

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

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