Sen Blumenthal Probes Cantor Fitzgerald Tether Ties — $10B Stake National Security Risk! 🚨
Senate PSI launches major probe into stablecoin's shadow banking!
Breaking (Oct 8, 2026):
🔸 Sen Richard Blumenthal (Ranking Member, Permanent Subcommittee on Investigations) demands Cantor Fitzgerald disclose Tether partnership records by Oct 23, 2026
🔸 Cantor owns 5% stake in Tether — acquired 2024 for $600M, now worth $10B since Trump return
🔸 Cantor custodies tens of billions / $100B+ in Tether's US Treasury reserves
🔸 Formerly led by Commerce Sec Howard Lutnick, now controlled by his children
Allegations:
⚠️ Tether is "lifeline for Iran's sanctions evasion" — FinCEN May 2026 alert calls stablecoins "one leg of Iran's shadow banking network"
⚠️ 84% of 846 sanctioned wallets linked to Iran/proxies used USDT exclusively
⚠️ $34.6M kept moving after designation, $550M frozen in 2026 linked to Iran
⚠️ Blumenthal: "Cantor's lucrative arrangements come at expense of America's national security"
⚠️ Seeks details: Lutnick income, ownership transfer, sanctions screening, independent audit, AML compliance
Blumenthal also wrote to Treasury Sec Scott Bessent & AG Todd Blanche to investigate Tether.
Is $USDT a national security risk? Will Cantor be forced to divest?
#SenBlumenthalProbesCantorFitzgeraldTetherTies #Tether #USDT #CantorFitzgerald #IranSanctions #LearnAndDiscuss#senblumenthalprobescantorfitzgeraldtetherties
Senate PSI launches major probe into stablecoin's shadow banking!
Breaking (Oct 8, 2026):
🔸 Sen Richard Blumenthal (Ranking Member, Permanent Subcommittee on Investigations) demands Cantor Fitzgerald disclose Tether partnership records by Oct 23, 2026
🔸 Cantor owns 5% stake in Tether — acquired 2024 for $600M, now worth $10B since Trump return
🔸 Cantor custodies tens of billions / $100B+ in Tether's US Treasury reserves
🔸 Formerly led by Commerce Sec Howard Lutnick, now controlled by his children
Allegations:
⚠️ Tether is "lifeline for Iran's sanctions evasion" — FinCEN May 2026 alert calls stablecoins "one leg of Iran's shadow banking network"
⚠️ 84% of 846 sanctioned wallets linked to Iran/proxies used USDT exclusively
⚠️ $34.6M kept moving after designation, $550M frozen in 2026 linked to Iran
⚠️ Blumenthal: "Cantor's lucrative arrangements come at expense of America's national security"
⚠️ Seeks details: Lutnick income, ownership transfer, sanctions screening, independent audit, AML compliance
Blumenthal also wrote to Treasury Sec Scott Bessent & AG Todd Blanche to investigate Tether.
Is $USDT a national security risk? Will Cantor be forced to divest?
#SenBlumenthalProbesCantorFitzgeraldTetherTies #Tether #USDT #CantorFitzgerald #IranSanctions #LearnAndDiscuss#senblumenthalprobescantorfitzgeraldtetherties