Regulatory eyes are shifting straight to stablecoin custody dynamics. 🏛️
Senator Richard Blumenthal is pressing Wall Street firm Cantor Fitzgerald to turn over records detailing its relationship with $USDT issuer Tether. The inquiry specifically targets financial arrangements and earnings linked to the family of Commerce Secretary nominee Howard Lutnick.
Tether holds massive U.S. Treasury reserves through Cantor, making this paper trail a critical focal point for macro traders tracking reserve transparency. When Capitol Hill starts digging into custodian balance sheets, risk management demands attention. 📊👀
#Write2Earn #Tether #CryptoNews #Stablecoins
Senator Richard Blumenthal is pressing Wall Street firm Cantor Fitzgerald to turn over records detailing its relationship with $USDT issuer Tether. The inquiry specifically targets financial arrangements and earnings linked to the family of Commerce Secretary nominee Howard Lutnick.
Tether holds massive U.S. Treasury reserves through Cantor, making this paper trail a critical focal point for macro traders tracking reserve transparency. When Capitol Hill starts digging into custodian balance sheets, risk management demands attention. 📊👀
#Write2Earn #Tether #CryptoNews #Stablecoins