ChainCatcher reports that Democratic Senators Elizabeth Warren and Ron Wyden have pressured both Tether and U.S. Secretary of Commerce Howard Lutnick over allegations that Tether bribed Lutnick. According to reports, Tether provided an undisclosed loan to a trust benefiting Howard Lutnick’s children, and Cantor Fitzgerald, where Lutnick previously worked,也曾 served as Tether’s reserve asset manager. Warren and Wyden also noted that the previously passed Genius Act benefited Tether, which had lobbied in support of the legislation, raising concerns of potential quid pro quo arrangements.
Democratic Senators Press Tether Over Alleged Bribery of U.S. Commerce Secretary
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Summary
Democratic Senators Elizabeth Warren and Ron Wyden are investigating Tether and U.S. Commerce Secretary Howard Lutnick over alleged financial misconduct. Tether reportedly provided a concealed loan to a trust benefiting Lutnick’s children, while his former firm, Cantor Fitzgerald, once managed Tether’s reserves. The senators also highlighted Tether’s lobbying activities surrounding the 'Genius Act,' which increased liquidity in crypto markets and raised concerns at the CFTC.
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