Senator Blumenthal Seeks Tether Records on $6.3 Million Paid to Firm Coowned by Bo Hines

Senator Blumenthal has opened an inquiry into Tether, seeking records on $6.3 million in payments to a firm coowned by Bo Hines, a former White House crypto adviser. The request is part of congressional scrutiny of stablecoin issuers and conflicts of interest. Tether has not issued a detailed public response. The inquiry could influence pending stablecoin legislation.