Cantor Fitzgerald Tether Deal Draws Scrutiny Over Iran Sanctions

Cantor Fitzgerald Tether faces growing scrutiny after US Senator Richard Blumenthal demanded financial records, compliance policies, and communications concerning the stablecoin issuer. The inquiry focuses on potential sanctions violations, alleged links between USDT and Iran’s shadow banking network, and financial benefits received by Commerce Secretary Howard Lutnick and his family. The ranking Democrat on the Senate Permanent Subcommittee on Investigations sent a letter to Cantor Fitzgerald’s chairman, Brandon Lutnick, on October 8.

Source: TronWeekly