
Cantor Fitzgerald faces Senate Democrat’s questions over Tether ties
Senator Richard Blumenthal has questioned Cantor Fitzgerald over its ties to Tether, including its partnership, compliance monitoring, and the family's earnings from the arrangement, which began in 2021. Blumenthal claims the firm's stake in Tether increased significantly since 2020 and accuses it of profiting from activities linked to illicit finance, particularly mentioning Tether’s role in Iran’s shadow banking network. The senator has called for investigations into potential sanction violations and asked for detailed information about Howard Lutnick’s divestment, as well as the firm's review of including independent audits of Tether. Cantor Fitzgerald did not immediately respond to the inquiries, which are due by October 23.









