#US Senate Probe Demands Cantor Fitzgerald Disclose $10B Tether Partnership and Compliance Controls 🏛️🇺🇸🔍💥
U.S. Senator Richard Blumenthal, the top Democrat on the Senate Permanent Subcommittee on Investigations, has officially issued an aggressive inquiry to Cantor Fitzgerald Chairman Brandon Lutnick, demanding full records of its financial relationship with stablecoin issuer Tether ($USDT) 📜⚖️🚫🕵️♂️.
The probe targets Cantor’s reported 5% equity stake in Tether—now valued at an estimated $10 billion—and its pivotal role as the custodian managing tens of billions in U.S. Treasury reserves backing #USDT 💼💵📈🏦.
Blumenthal raised national security concerns following a Senate report revealing that 84% of 846 #iran -linked and sanction-evading wallets transacted almost exclusively in USDT 🌍🛡️🔐⚓.
The senator demanded disclosure on anti-money laundering (AML) screening, independent audit requirements, and potential conflicts of interest regarding Commerce Secretary Howard Lutnick’s family earnings by October 23 📅🚨🔍📋.
#crypto News 📰 #BinanceSquare 🔶 #Tether USDT 💵 #CantorFitzgerald 🏛️ #SenateInquiry ⚖️ #CryptoCompliance 🛡️
$BTC
$USDC
$ETH
U.S. Senator Richard Blumenthal, the top Democrat on the Senate Permanent Subcommittee on Investigations, has officially issued an aggressive inquiry to Cantor Fitzgerald Chairman Brandon Lutnick, demanding full records of its financial relationship with stablecoin issuer Tether ($USDT) 📜⚖️🚫🕵️♂️.
The probe targets Cantor’s reported 5% equity stake in Tether—now valued at an estimated $10 billion—and its pivotal role as the custodian managing tens of billions in U.S. Treasury reserves backing #USDT 💼💵📈🏦.
Blumenthal raised national security concerns following a Senate report revealing that 84% of 846 #iran -linked and sanction-evading wallets transacted almost exclusively in USDT 🌍🛡️🔐⚓.
The senator demanded disclosure on anti-money laundering (AML) screening, independent audit requirements, and potential conflicts of interest regarding Commerce Secretary Howard Lutnick’s family earnings by October 23 📅🚨🔍📋.
#crypto News 📰 #BinanceSquare 🔶 #Tether USDT 💵 #CantorFitzgerald 🏛️ #SenateInquiry ⚖️ #CryptoCompliance 🛡️
$BTC
$USDC
$ETH