Senate's top Democratic investigator looking into Tether payments to Bo Hines' firm

U.S. Senator Richard Blumenthal has added another Tether probe to the many irons he has in crypto fires, this time demanding answers about reported payments the company made to a firm owned by Bo Hines — the former White House crypto adviser who is now in charge of the U.S. arm of Tether. Blumenthal, the ranking Democrat on the Senate's Permanent Subcommittee on Investigations, sent letters Thursday to Tether and to the consulting company Hines started with his father and another partner, Nxum Group. "The highly unusual terms and nature of Tether’s business relationship with both Nxum and Bo Hines raise alarming ethical and legal concerns, indicating that Tether was likely well aware of the illegality and impropriety of issuing payments to a current White House official with such a…

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