US Senator Seeks Tether Records Over Alleged Payments of More Than $6 Million to Firm Tied to Bo Hines

U.S. Senator Richard Blumenthal has asked stablecoin issuer Tether to submit transaction records tied to allegations that it paid more than $6 million to a company co-owned by Bo Hines, who was involved in stablecoin legislation at the White House.

Cointelegraph reported on October 23 that Blumenthal is seeking the records to verify details of funds Tether allegedly paid to a company linked to Hines.

The allegations involve claims that Tether paid more than $6 million to a company Hines co-owned while he was involved in drafting stablecoin-related legislation at the White House.

It has not been confirmed whether there was any improper connection between the payments and Hines's legislative work.