Wall Street giant under investigation! The mysterious financial network behind $USDT faces intense scrutiny from U.S. senators
The regulatory net has tightened from crypto exchanges right to the doorstep of Wall Street’s top investment banks. U.S. senators have recently launched a formal investigation into the relationship between Cantor Fitzgerald and Tether, focusing on the true destination of the hundreds of billions of dollars tied to this giant. 🔍
We must stay alert to this wave of compliance risk. Some people think an established institution like Cantor is a compliance “shield,” but the investigation itself proves that being a traditional financial giant is no get-out-of-jail-free card. Regulators have long been suspicious of the financial ties between the two companies. ⚠️
Next, we need to keep a close eye on two signals: first, whether Tether can provide audit working papers that meet traditional auditing standards, rather than just a temporary attestation; and second, whether Cantor will proactively scale back its custody of U.S. Treasuries held in $USDT reserves to protect itself.
Don’t wait until regulators slap a seal on Wall Street’s custodial vaults to realize that the stablecoins you hold may not be so stable after all.
#美参议员调查CantorFitzgerald与Tether关系 $USDT
The regulatory net has tightened from crypto exchanges right to the doorstep of Wall Street’s top investment banks. U.S. senators have recently launched a formal investigation into the relationship between Cantor Fitzgerald and Tether, focusing on the true destination of the hundreds of billions of dollars tied to this giant. 🔍
We must stay alert to this wave of compliance risk. Some people think an established institution like Cantor is a compliance “shield,” but the investigation itself proves that being a traditional financial giant is no get-out-of-jail-free card. Regulators have long been suspicious of the financial ties between the two companies. ⚠️
Next, we need to keep a close eye on two signals: first, whether Tether can provide audit working papers that meet traditional auditing standards, rather than just a temporary attestation; and second, whether Cantor will proactively scale back its custody of U.S. Treasuries held in $USDT reserves to protect itself.
Don’t wait until regulators slap a seal on Wall Street’s custodial vaults to realize that the stablecoins you hold may not be so stable after all.
#美参议员调查CantorFitzgerald与Tether关系 $USDT