“Cantor Fitzgerald Under Senate Probe Over Tether Ties Amid Iran Sanctions Concerns” — what this page in the network covers. Senate Democrats are investigating Cantor Fitzgerald’s relationship with Tether, the issuer of the world’s largest stablecoin USDT, following allegations that the cryptocurrency has become a key tool for Iran’s shadow banking network. The probe, led by Democratic investigators, comes after a report last month raised concerns about USDT’s role in facilitating illicit finance and evading sanctions. Cantor Fitzgerald, the financial services firm led by Howard Lutnick, has emerged as a key banking partner for Tether, holding a significant portion of the reserves backing the stablecoin.
The Senate letter seeks details on the firm’s due diligence, risk management, and compliance measures related to Tether’s operations. This investigation underscores growing regulatory scrutiny of stablecoins and their potential to undermine U.S. For the complete material, the listing points back to the source inside the network.