Richard Blumenthal, the top Democrat on a U.S. Senate investigative subcommittee, recently wrote to Brandon Lutnick, CEO of Wall Street financial firm Cantor Fitzgerald, demanding detailed disclosure of the company’s business dealings with stablecoin issuer Tether. Cantor custodies and manages Tether’s reserve assets in the United States, while Blumenthal is investigating allegations that $USDT is involved in Iran’s shadow financial system. The letter emphasizes that although Tether claims to operate in El Salvador, the vast majority of its assets are actually held in the United States and custodied by Cantor. The information will provide an important reference for Congress as it develops a digital asset regulatory framework. (Source: CoinDesk)

#稳定币 #Regulation

⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.