Cantor Fitzgerald questioned by U.S. senator over Tether ties, Iran claims

Cantor Fitzgerald has come under fresh scrutiny from U.S. Senator Richard Blumenthal, who is demanding details about the investment bank's financial ties to Tether, including a reported $10 billion stake and payments received by Commerce Secretary Howard Lutnick. Senator Richard Blumenthal has demanded Cantor Fitzgerald disclose Tether partnership records by October 23, 2026. Cantor reportedly holds five percent of Tether, with its stake now estimated at $10 billion. Blumenthal seeks details about Howard Lutnick's income, ownership transfer, sanctions screening, and independent audit practices. Tether says cooperation with authorities helped freeze approximately $550 million linked to Iran during 2026.

Source: crypto.news