Sen. Richard Blumenthal is pressing Cantor Fitzgerald to open its records on Tether ($USDT) and on how much Commerce Secretary Howard Lutnick's family has earned from a business deal.
The request targets both the stablecoin issuer and the financial firm's dealings, seeking transparency on any financial benefits that may have flowed to the Lutnick family.
Blumenthal, a Democrat, wants Cantor Fitzgerald to hand over documents. The exact scope of those records is not yet public.
The inquiry adds to the growing debate over stablecoins and their ties to traditional finance and government officials. Tether has long faced questions about its reserves and transparency.
Neither Cantor Fitzgerald nor representatives for Lutnick have publicly responded to the request. The outcome remains uncertain.
As the story develops, watch for any disclosures that could impact the stablecoin market and regulatory sentiment.
Tap $USDT to trade
$USDT
غيرك سبقك وتابع. ادخل بروفايلي وخلك مع اللي يقرأ قبل ما ينتشر الخبر.
The request targets both the stablecoin issuer and the financial firm's dealings, seeking transparency on any financial benefits that may have flowed to the Lutnick family.
Blumenthal, a Democrat, wants Cantor Fitzgerald to hand over documents. The exact scope of those records is not yet public.
The inquiry adds to the growing debate over stablecoins and their ties to traditional finance and government officials. Tether has long faced questions about its reserves and transparency.
Neither Cantor Fitzgerald nor representatives for Lutnick have publicly responded to the request. The outcome remains uncertain.
As the story develops, watch for any disclosures that could impact the stablecoin market and regulatory sentiment.
Tap $USDT to trade
$USDT
غيرك سبقك وتابع. ادخل بروفايلي وخلك مع اللي يقرأ قبل ما ينتشر الخبر.