Blumenthal Demands Tether Records Over $6.3 Million Paid to Bo Hines’ Firm

Senator Richard Blumenthal has opened an inquiry into Tether, the issuer of the world's largest stablecoin. He wants records detailing roughly $6.3 million in payments allegedly sent to a consulting firm co-owned by Bo Hines. Hines previously served as a crypto adviser inside the White House. The request, reported by multiple outlets covering Washington's crypto policy beat, centers on whether Tether compensated a firm tied to someone who once helped craft federal digital asset policy. Blumenthal, a Senate Democrat, has pressed for documentation clarifying the nature, timing, and purpose of the payments.