WashingtonSenator Blumenthal demands answers on Cantor Fitzgerald’s Tether ties.
Cantor manages Tether’s US reserves, and its chief executive is the commerce secretary’s son.
His Thursday letter, not a subpoena, asks Cantor about sanctions safeguards after his scrutiny of Tether’s role in Iran’s finances.
The November election decides whether Democrats gain more authority behind such probes.
How each outlet framed it
- CoinDesk leans critical
- links Cantor's reserve custody of Tether to Lutnick's son, tying it to Blumenthal's Iran-finance probe
Sources: CoinDesk