Sen. Blumenthal Queries Tether Over Payments to Former Adviser
Sen. Blumenthal is seeking answers from Tether following reports of millions paid to a firm founded by an ex-White House crypto adviser.
U.S. Senator Blumenthal is seeking answers from Tether regarding millions in payments made to a firm founded by a former White House crypto adviser, according to TheBlock. The inquiry follows recent reports detailing the financial transactions between the stablecoin issuer and the advisory firm.
Inquiry Details
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The questioning centers on the nature and purpose of the payments directed to the startup established by the former administration official. Lawmakers continue to scrutinize intersections between digital asset firms and former government personnel.
Key facts
- Sen. Blumenthal is seeking answers from Tether.
- The inquiry follows reports of multi-million dollar payments to a firm.
- The recipient firm was founded by a former White House crypto adviser.
Source: theblock.co
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