Senator Presses Tether Over $6.3M Paid to Ex-Trump Crypto Adviser's Firm
• Sen. Blumenthal asked Tether CEO Paolo Ardoino for records on its dealings with Nxum, co-founded by Bo Hines
• WSJ reports Nxum earned $6.3M from a May 2025 deal; a pitch deck floated a $56M, 25% Tether stake
• Tether cites a past internal probe that found no wrongdoing; reply due Nov. 3
A letter is not a finding, but it keeps revolving-door questions on Tether's agenda. Not financial advice, DYOR.
#Tether #Regulation
• Sen. Blumenthal asked Tether CEO Paolo Ardoino for records on its dealings with Nxum, co-founded by Bo Hines
• WSJ reports Nxum earned $6.3M from a May 2025 deal; a pitch deck floated a $56M, 25% Tether stake
• Tether cites a past internal probe that found no wrongdoing; reply due Nov. 3
A letter is not a finding, but it keeps revolving-door questions on Tether's agenda. Not financial advice, DYOR.
#Tether #Regulation