Add as a preferred source on GoogleSen. Richard Blumenthal Probes Cantor Fitzgerald-Tether Relationship
The Senate inquiry seeks information about Cantor Fitzgerald’s financial relationship with the stablecoin issuer and its management of Tether reserves.
Sen. Richard Blumenthal is investigating Tether’s financial relationship with Cantor Fitzgerald, seeking information about a connection that includes management of the stablecoin issuer’s U.S. reserve assets.
Blumenthal sent a request to Cantor Fitzgerald CEO Brandon Lutnick for details about the relationship between the two companies. The inquiry also covers other business interests involving the firms.
Cantor Fitzgerald holds and manages Tether’s reserve assets in the United States.
Lutnick took over leadership of Cantor Fitzgerald after his father, Howard Lutnick, became U.S. commerce secretary under President Donald Trump.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.