Crypto & Finance · VIDEO
Tether and Cantor Fitzgerald under investigation: 10 billion at stake and risks to national security
Senator Richard Blumenthal has sent a request for documentation to Cantor Fitzgerald regarding its partnership with Tether, the largest issuer of USDT stable...
KEY TAKEAWAYS
- Cantor Fitzgerald must respond by October 23rd to a request for documentation on agreements with Tether
- Cantor's stake in Tether has gone from 600 million to 10 billion since Trump's return to the presidency
- Blumenthal is investigating potential violations of U.S. banking laws and sanctions
- Tether is accused of facilitating illegal transactions with Iran and terrorist groups
- Cantor acts as custodian of Tether's reserves, despite the company officially operating from El Salvador
