Top Democrat among Senate investigators probes ties between Cantor Fitzgerald, Tether
Source: CoinDesk ·
From the source
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. The top Democrat on the Senate Permanent Subcommittee on Investigations, Richard Blumenthal, is demanding answers about the ties between Cantor Fitzgerald and the worldwide leader in stablecoins, Tether. If Democratic momentum continues into the November election, he and his colleagues may soon have more authority behind such probes. Blumenthal sent a letter Thursday to Cantor's CEO, Brandon Lutnick, the son of President Donald Trump's Secretary of Commerce Howard Lutnick, who handed the company reins to his son when he joined the administration. Blumenthal has been scrutinizing Tether's role in Iran's financial system , and he flagged the lucrative business connection between the issuer of USDT and the firm that handles its U.S. reserves, Cantor. "Just as Tether has made untold millions in interest and investments from the…