Crypto: A White House Adviser is Allegedly Bought Off by Tether

A major political and judicial storm has just erupted at the heart of the American crypto ecosystem. The issuer of the USDT stablecoin, Tether, is under fire from a federal investigation led by the United States Senate. At the center of the accusations is the payment of several million dollars to a senior White House official aimed at influencing the regulation of digital assets and tailoring laws to measure. The case broke out following an investigative report published by the Wall Street Journal . According to the economic daily’s revelations, Tether allegedly paid about $6.3 million to a consulting firm called Nxum .

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