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Senator Investigates Cantor’s Relationship with Tether

2 reports2 sourcesupdated 11 days ago

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AI-assisted source synthesis · not an independent investigation.

On October 9, 2026, U.S. Senator Richard Blumenthal wrote to Cantor Fitzgerald CEO Brandon Lutnick, requesting an explanation of the company’s relationship with Tether and related safeguards. The letter stated that Cantor holds and manages Tether’s reserves in the United States, and asked how the company investigates allegations that USDT is involved in illicit finance, money laundering, and evasion of Russian sanctions; the report explicitly noted that these matters remain under investigation and are not yet confirmed facts. Reports later the same day said that Blumenthal also asked Cantor to explain its oversight of Tether’s banking operations and sanctions compliance, and to provide related communications and investigative actions. The second report’s headline mentioned $250 million in proceeds, but the body did not explain the specific basis or details of that amount. The reports did not disclose any response from Cantor or the results of any investigation.

AI-written from reports · updated 11 days ago

LatestOct 9 12:48
The senator requested that Cantor explain its regulatory and compliance status; the company’s response has not yet been disclosed.

Timeline

Follow the reporting to see the different sides of the story.

Oct 9
  1. CryptopolitanSelected
    U.S. Senator Investigates Cantor Fitzgerald’s Relationship with Tether and $250M in Earnings

    U.S. Senator Richard Blumenthal is demanding that Cantor Fitzgerald explain its oversight of Tether’s banking and sanctions compliance, as well as related communications and investigative actions.

  2. CoinDesk
    US senator writes to Cantor Fitzgerald to investigate its relationship with Tether

    US Senator Richard Blumenthal wrote to Cantor Fitzgerald CEO Brandon Lutnick, requesting details about the company’s relationship with Tether and related safeguards. The letter states that Cantor holds and manages Tether’s reserves in the United States, and asks how it investigates allegations involving USDT in illicit finance, money laundering, and evasion of Russian sanctions; these issues remain under investigation and are not confirmed facts.