US Senator Richard Blumenthal Investigates Cantor Fitzgerald's Relationship with Tether

Odaily News: Senator Richard Blumenthal, a senior Democrat on the U.S. Senate investigation panel, is continuing to investigate the financial relationship of stablecoin issuer Tether, and has sent a letter to Brandon Lutnick, CEO of financial services firm Cantor Fitzgerald, requesting information about the relationship between the two companies.Brandon Lutnick is the son of U.S. Commerce Secretary Howard Lutnick. After Howard Lutnick joined the administration of U.S. President Donald Trump, Brandon Lutnick took over his leadership role at Cantor Fitzgerald.Cantor Fitzgerald holds and manages Tether's reserve assets in the United States, and the two parties have multiple other business interests. (CoinDesk)