Sen. Blumenthal demands records from Tether regarding payments to a firm founded by ex-White House crypto adviser.
DeFi & Yields ·
Senator Richard Blumenthal has requested records from Tether regarding the stablecoin issuer's payments to a firm founded by an ex-White House crypto adviser. In a letter, Blumenthal asked Tether to provide documentation of its business dealings with the firm as well as with an individual named Bo Hines.
The demand represents part of ongoing congressional scrutiny of Tether's financial practices and relationships. Blumenthal's inquiry centers on potential ties between the stablecoin issuer and figures with prior government involvement in crypto policy.
The records request seeks to establish the nature and extent of these business arrangements. Neither the specific payments, their amounts, nor the full scope of the transactions has been detailed in available reporting. It remains unclear whether Tether has committed to fulfilling the records demand or what timeline may apply to any response.