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Watchdog urges DOJ and FBI to probe Bo Hines's ties to Tether amid stablecoin law talks

Market News
12 Nov 2026, 09:30 WIB
Bitcoin
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Bearish
Watchdog urges DOJ and FBI to probe Bo Hines's ties to Tether amid stablecoin law talks

Democracy Defenders Fund has requested the U.S. Attorney and FBI to investigate whether former White House crypto adviser Bo Hines discussed employment with Tether while shaping federal stablecoin legislation. Hines's financial disclosures show no reported employment agreement during his government service, raising concerns about potential conflicts of interest. The timing of his departure and immediate advisory role at Tether, alongside payments to his consulting firm Nxum Group during legislative negotiations, are under scrutiny. The investigation could clarify if Hines violated ethics laws by influencing legislation benefiting a future employer.

Tether (USDT) maintains a substantial market cap of Rp3.205,17 trillion on Pluang as of Nov 12, 2026, 14:41 WIB, with a 24-hour trading volume of Rp881,77 trillion. The stablecoin's price is Rp18.119, showing a modest 0.35% increase in the last day. Pluang users display a balanced trading sentiment with 53% selling and 47% buying, holding their positions typically for 93 days, indicating steady engagement despite the ongoing scrutiny of Tether-related political ties.

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