People: Hines Hires Hao Zhan to Lead Asia Private Wealth Unit - Mingtiandi

Skip to main contentCrypto NewsOct 22, 2026, 6:43 p.m. EDT2 min readFormer White House crypto adviser Bo Hines, who is CEO of Tether's U. S. arm, is under scrutiny from a Senate Democrat for payments made to his consulting firm. (Jesse Hamilton/CoinDesk)SummaryU. S. Senator Richard Blumenthal keeps digging into Tether on behalf of the Senate Permanent Subcommittee on Investigations, this time looking at recent reports that a firm owned by former White House crypto adviser Bo Hines took millions while he was still helping shape stablecoin policy. Blumenthal, the ranking Democrat on the subcommittee, sent letters to Tether and the firm, Nxum, that was co-founded by Hines, who took a job as Tether’s top U. S. executive after leaving the White House. U. S. Senator Richard Blumenthal has added another Tether probe to the many irons he has in crypto fires, this time demanding answers about reported payments the company made to a firm owned by Bo Hines — the former White House crypto adviser who is now in charge of the U. S. arm of Tether.

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