Democratic Sen. Richard Blumenthal, a senior member among U.S. Senate investigators, is continuing an inquiry into stablecoin issuer Tether’s financial relationships. As part of that effort, he sent a letter to Cantor Fitzgerald CEO Brandon Lutnick seeking information about the ties between the two companies. The report identifies Brandon Lutnick as the son of U.S. Commerce Secretary Howard Lutnick. After Howard Lutnick joined President Donald Trump’s administration, Brandon Lutnick took over his leadership role at Cantor Fitzgerald. The report also says Cantor Fitzgerald holds and manages Tether’s reserve assets in the United States, and that the two sides have several other business interests linking them.
According to ChainCatcher, Sen. Richard Blumenthal, a senior Democratic member among U.S. Senate investigators, is continuing to examine the financial ties of stablecoin issuer Tether.
Blumenthal has sent a letter to Brandon Lutnick, chief executive of financial services firm Cantor Fitzgerald, requesting information about the relationship between Cantor Fitzgerald and Tether.
The report says Brandon Lutnick is the son of U.S. Commerce Secretary Howard Lutnick. After Howard Lutnick joined President Donald Trump’s administration, Brandon Lutnick succeeded him in a leadership role at Cantor Fitzgerald.
Cantor Fitzgerald holds and manages Tether’s reserve assets in the United States, according to the report. It also says the two companies have several other business interests.
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