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 lobbying for exemptions in the GENIUS Act that would benefit Tether, raising concerns about potential conflicts of interest and violations of federal ethics laws. Tether denies wrongdoing, citing an internal investigation. The Senate subcommittee seeks full transparency ahead of the GENIUS Act's implementation in 2027, amid ongoing regulatory scrutiny of stablecoin issuers.
Tether's USDT token trades at Rp18.030 on Pluang as of Oct 24, 2026 00:41 WIB, showing a slight 0.18% increase in the past day. The stablecoin maintains a substantial market cap of Rp3.304,71 trillion with a 24-hour trading volume of Rp948,17 trillion. Buyer interest remains strong with 61% of order activity favoring purchases, and typical hold times average 92 days on the platform.
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...
Bitcoin experienced the largest outflow among cryptocurrencies with $403.44 million leaving, while tokens such as SOXLB and Ethereum saw notable inflows of $7.23 million and $5.17 million respectively. Funds also flowed into the crypto market from va...
In the past 24 hours, Bitcoin (BTC) and XRP experienced significant net outflows, with BTC seeing the largest withdrawal of $302.61 million. Meanwhile, stablecoins USDC and USDT posted net inflows, led by USDC's $183.59 million inflow. Ethereum (ETH)...
