Senator Seeks Answers on Tether Deal With Ex-trump Adviser

WHO:

NewsBTC - Senator Richard Blumenthal demanded records from Tether and consultancy Nxum.

Cointelegraph - Richard Blumenthal, the Democratic ranking member of the Senate Permanent Subcommittee on Investigations, asked Tether CEO Paolo Ardoino for records.

NewsBTC - Tether and Nxum were linked to reported payments and potential ethics concerns involving an unnamed former crypto adviser.

Cointelegraph - Tether and Nxum were involved in a reported deal linked to an unnamed former Trump crypto adviser.

WHAT:

NewsBTC - Blumenthal sought records from Tether and Nxum concerning reported payments and potential ethics concerns.

Cointelegraph - Blumenthal asked Ardoino for records related to a reported deal between Tether and Nxum.

NewsBTC - The inquiry is not a finding of wrongdoing.

WHY:

NewsBTC - The inquiry concerns reported payments and potential ethics concerns.

Cointelegraph - The records request concerns the reported Tether–Nxum deal linked to an unnamed former Trump crypto adviser.

(UPDATED October 23, 2026 20:13 UTC)

Senator Richard Blumenthal is seeking records from cryptocurrency company Tether and consultancy Nxum over a reported deal linked to an unnamed former Trump crypto adviser. Blumenthal, the Senate Permanent Subcommittee on Investigations’ Democratic ranking member, directed his request to Tether chief executive Paolo Ardoino. The records request concerns reported payments involving the two organizations and potential ethics issues surrounding the deal. The inquiry is focused on clarifying what took place and whether the payments raised ethical concerns. The former adviser has not been named in the information about the request. Blumenthal’s action is an inquiry, not a finding that anyone broke the law or acted improperly. Tether and Nxum are being asked to provide records related to the reported arrangement.