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Can Investing $25,000 in the S&P 500 Today and Holding On for 25 Years Make You Wealthy? - The Motley Fool

·Jul 20, 2025
Source: The Motley Fool
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Senator Richard Blumenthal has requested information from Tether CEO Paolo Ardoino after a Wall Street Journal report said that the stablecoin issuer had inked a $6.3 million deal with a marketing company co-founded by former White House crypto adviser Bo Hines. In a Thursday letter to Ardoino, the Connecticut lawmaker said that the Senate Permanent Subcommittee on Investigations demanded “records and information related to contracts, payments, communications, and lobbying” between Tether and Nxum, Hines’ company. The probe into Nxum, Tether and Hines, according to Blumental, was part of what the senator called the Trump administration’s “self-enrichment and self-dealings with cryptocurrency firms.”“While Hines failed to divest his one-third stake in Nxum [...] he worked closely over encrypted messaging applications with Nxum to coordinate lobbying, advocacy, and browbeating of members of Congress that were opposed to, or had sought changes to, pending stablecoin legislation,” said Blumenthal.

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