According to The Block, Sen. Blumenthal has asked Tether for details about payments it made to a company founded by a former adviser to the U.S. White House who worked in cryptocurrency matters. The request follows reports indicating that Tether transferred funds to the firm. No amount or timeframe was specified in the inquiry. The firm’s connection to the former adviser—who previously served in a crypto-related role with the White House—is central to the concern raised by the senator. Blumenthal seeks clarification on the nature, purpose, and timing of the payments from Tether. The senator did not name the firm or provide further specifics in the request. His office has not released additional comments on the matter. The inquiry relates to regulatory oversight of stablecoin activities and related partnerships.
