Senator Richard Blumenthal has requested Tether to provide records by November 3 regarding payments to Nxum, a consulting firm co-owned by Bo Hines, who helped craft the GENIUS Act on stablecoin regulation. Nxum reportedly earned $6.3 million from a Tether deal while Hines held a one-third stake and advocated for regulatory changes benefiting Tether. Tether denies wrongdoing, citing an internal investigation, but Blumenthal suggests the payments may violate federal ethics and lobbying laws. This inquiry follows earlier scrutiny of Tether's ties and financial dealings amid concerns over regulatory compliance and influence.
As of Oct 24, 2026 03:31 WIB, USDT (Tether) trades at Rp18.030 on Pluang, showing a slight 0.18% increase in the past day. The stablecoin maintains a strong market presence with a market cap of Rp3.300,13 trillion and a 24-hour trading volume of Rp940,02 trillion. Pluang users currently favor buying USDT, with 61% of order activity on the platform being buys. The typical hold time for USDT on Pluang is 92 days, indicating steady investor interest despite ongoing regulatory scrutiny.
Utexo has started testing the minting, transfer, and redemption of Tether USDt (USDT) on Bitcoin's Signet test network, targeting exchanges, wallet providers, and market makers. The tests use the RGB protocol, which keeps transaction details confiden...
US Senator Richard Blumenthal has requested detailed records from Tether on over $6 million in payments to Nxum, a firm co-founded by Bo Hines, a former White House official involved in stablecoin legislation. The payments coincided with Hines lobbyi...
In the latest 24-hour crypto fund flow data, Bitcoin (BTC) experienced a net outflow of $43.60 million, with $1.87 billion inflows and $1.92 billion outflows. Ethereum (ETH) led net inflows, attracting $77.08 million with $1.02 billion inflows agains...
Senator Richard Blumenthal has requested detailed records from Tether and Nxum, a consulting firm co-founded by former White House crypto official Bo Hines, regarding millions of dollars paid by Tether to Nxum while Hines worked on stablecoin policy....
Senator Richard Blumenthal is investigating payments made by Tether to Nxum, a consulting firm co-founded by Bo Hines, a former White House crypto adviser now leading Tether's U.S. operations. The probe focuses on potential ethical and legal issues s...
