Regulation● Neutral

Senator Asks Tether for Records on Payments to Firm Linked to Ex-Crypto Adviser

TradingGain Newsroom·5d ago·23 Oct 2026, 20:16 UTC

Sen. Richard Blumenthal has asked Tether for its records on payments made to Nxum. Nxum is co-owned by Bo Hines, a former White House crypto adviser. The request adds to political scrutiny of the stablecoin issuer, which can matter for traders who hold or trade USDT.

Why it matters

A U.S. senator is demanding records from Tether, the issuer of the USDT stablecoin.
The payments went to Nxum, a firm co-owned by former White House crypto adviser Bo Hines.
Closer political attention on Tether could affect confidence in stablecoins that traders use.

What to watch next

Watch whether Tether responds to the records demand and whether any further regulatory action follows.

This brief is written by TradingGain from public reporting by Decrypt.Read original ↗

Senator Asks Tether for Records on Payments to Firm Linked to Ex-Crypto Adviser — Story card · share it on your status or channel⬇ Download image

More stories

All news →

26m ago

Regulation● Neutral

Thai top court treats bitcoin as property in robbery case

Thailand's Supreme Court ruled that bitcoin is property, after a thief challenged his conviction. The court upheld a 10-year sentence for a man who helped the robbers. For traders, the ruling adds to the view that bitcoin can be legally owned and valued in court.

CoinDesk ↗

31m ago

Other● Neutral

Bermuda picks WalletConnect to bring crypto payments to local shops

Bermuda has selected WalletConnect to help bring crypto payments to local merchants. The rollout will start with ticketing platform PTIX in the second quarter of 2027. The move is part of the island's onchain economy plan and may point to wider real-world crypto payment adoption.

CoinDesk ↗

41m ago

Bitcoin● Neutral

Bitcoin's $1.6M 2036 forecast relies heavily on gold and Bitcoin demand

A CryptoSlate report says a model projects Bitcoin could reach $1.6 million by 2036. About 82% of that projected value comes from demand tied to gold and Bitcoin. The model also clashes sharply with JPMorgan's return assumptions, so the outlook is far from settled.

BTCCryptoSlate ↗

1h ago

Other● Neutral

Ex-Swift CEO Lazaro Campos Becomes OpenTrade Chairman

Lazaro Campos, former CEO of Swift, has joined London-based stablecoin firm OpenTrade as its chairman. The company says it has $300 million in assets locked and more than $1 billion in annual transaction volume. The move may draw attention to stablecoin firms as traders look for signs of growth in the sector.

CoinDesk ↗

2h ago

Macro▼ Bearish● Important

Split Fed holds rates steady as traders bet on a December hike

The Federal Reserve kept its target range at 3.75% to 4% on Oct. 28, with a 10-2 vote. Two members wanted an immediate quarter-point hike, and rate-market trackers now see a December hike as likely.

BTCCryptoSlate ↗

TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.