Top Democrat among Senate investigators probes ties between Cantor Fitzgerald, Tether
As Democrats steadily rise in their potential to take back a Senate majority, Senator Richard Blumenthal is digging into Tether’s U.S. financial partnership.
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Summary
- U.S. Senator Richard Blumenthal is continuing to dig into Tether’s financial relationships, sending the CEO of Cantor Fitzgerald a letter requesting information on the relationship between the financial firm and the stablecoin issuer.
- The CEO letter recipient is Brandon Lutnick, the son of U.S. Secretary of Commerce Howard Lutnick, who transferred that leadership post at the company when he left to join President Donald Trump’s administration.
- Cantor holds and manages Tether’s reserves in the U.S., and the two companies share a number of other business interests.
