Tether · White House · US Senate · NewsBTC
US Senator Questions Tether Over Logged Payments Linked To Former Crypto Adviser
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Key facts
- Blumenthal's public letter cites Wall Street Journal reporting alleging that more than $6 million was paid to Nxum under an arrangement involving strategic communications and public affairs
- On Thursday, Senator Richard Blumenthal, the ranking member of the Senate Permanent Subcommittee on Investigations, said he had sent letters seeking information from Tether and Nxum Group
- TL;DR: Senator Richard Blumenthal has demanded records from Tether and consultancy Nxum over reported payments and potential ethics concerns; the inquiry is not a finding of wrongdoing
- Tether is facing questions from a senior U.S. senator over reported payments to a consultancy connected to a former White House crypto-policy official
Summary
TL;DR: Senator Richard Blumenthal has demanded records from Tether and consultancy Nxum over reported payments and potential ethics concerns; the inquiry is not a finding of wrongdoing. Tether is facing questions from a senior U.S. senator over reported payments to a consultancy connected to a former White House crypto-policy official. On Thursday, Senator Richard Blumenthal, the ranking member of the Senate Permanent Subcommittee on Investigations, said he had sent letters seeking information from Tether and Nxum Group. Blumenthal's public letter cites Wall Street Journal reporting alleging that more than $6 million was paid to Nxum under an arrangement involving strategic communications and public affairs.