Blumenthal Asks Tether to Detail Every Payment to Nxum, Bo Hines’ Consulting Firm
By Unchained
AI summary of the source article
Sen. Richard Blumenthal demanded records from Tether and consulting firm Nxum Group regarding millions of dollars Tether allegedly paid the firm while Nxum co-founder Bo Hines was working on White House cryptocurrency policy.
Why it matters
Blumenthal wrote that "Tether’s alleged multimillion-dollar payment to a firm controlled by the White House official primarily responsible for cryptocurrency policy implicates federal ethics, anticorruption, and lobbying laws."
Key facts
- Sen. Richard Blumenthal requested contracts, communications, and payment details from Tether and Nxum Group with a Nov. 3, 2026 deadline.
- Reports cite that Tether agreed in May 2025 to pay Nxum $415,000 monthly, with over $6 million transferred in total while Bo Hines held a stake in Nxum.
- Bo Hines left the White House in August 2025 and was hired by Tether as a strategic adviser later that month.
Source excerpt · Unchained
The ranking member of the Senate's investigations subcommittee gave Tether and Nxum until early November to turn over contracts, payment details and messages tied to the firm co-founded by Tether's U.S. chief. The post Blumenthal Asks Tether to Detail Every Payment to Nxum, Bo Hines’ Consulting Firm appeared first on Unchained .