PolicyCoinDeskabout 1 hour ago
Senator Blumenthal probes Tether ties
3 min read
U.S. Senator Richard Blumenthal sent a letter Thursday to Cantor Fitzgerald CEO Brandon Lutnick, demanding answers about the firm's relationship with stablecoin issuer Tether. The inquiry focuses on potential illicit finance usage and sanctions evasion, noting that while Tether claims operations in El Salvador, its assets reside in the United States under Lutnick's custodianship.
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