Cantor Fitzgerald faces Senate scrutiny over Tether partnership
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Senator Richard Blumenthal demanded records on Cantor Fitzgerald’s relationship with Tether, its sanctions controls and earnings by Howard Lutnick’s family. Cantor acquired rights to a 5% Tether stake in 2024, allegedly rising from $600 million to $10 billion, while Howard Lutnick received more than $250 million. Investigators linked USDT to Iran’s shadow banking network.
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