Blumenthal Asks Tether to Detail Every Payment to Nxum, Bo Hines’ Consulting Firm

Sen. Richard Blumenthal (D-Conn.), the ranking member of the Senate Permanent Subcommittee on Investigations , demanded records on Oct. 22 from Tether and from Nxum Group , a consulting firm co-founded by former White House crypto official Bo Hines . The request covers millions of dollars Tether reportedly paid the firm while Hines was working on stablecoin policy. Blumenthal sent one letter to Tether CEO Paolo Ardoino and a second to Nxum CEO Todd Hines , Bo Hines’ father. Both set a Nov. 3, 2026 deadline and ask for contracts, payment details and communications involving Nxum, Bo Hines and related parties. “Tether’s alleged multimillion-dollar payment to a firm controlled by the White House official primarily responsible for cryptocurrency policy implicates federal ethics, anticorruption, and lobbying laws,” Blumenthal wrote.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Unchained.