According to the latest search results, Senator Blumenthal is investigating the relationship between Cantor Fitzgerald and Tether. Cantor Fitzgerald is a strategic partner of Tether, providing financial advisory services. In 2022, Tether announced Cantor Fitzgerald as its “chief strategic partner,” with the partnership valued at several million dollars. In addition, former Cantor Fitzgerald executive Arthur Dantchik currently serves as an independent director at Tether, a position he has held since 2021. In his letter, Blumenthal stressed that this close relationship could raise conflicts of interest and requested more details about the partnership. Tether responded that its collaboration with Cantor Fitzgerald is consistent with industry practice and that all transactions are transparent and publicly disclosed. Tether currently has a market capitalization of about $8.2 billion and daily trading volume of more than $5 billion. No further details have been disclosed about the investigation, but Blumenthal said he would continue to monitor the matter. #SenBlumenthalProbesCantorFitzgeraldTetherTies