Topic Archive

#Howard Lutnick

3 Stories Found

Coins•Oct 9, 2026

Senate Democrat Probes Cantor Fitzgerald Over Tether Ties and Howard Lutnick’s $250 Million Windfall

Key Highlights: Senate investigators led by Senator Richard Blumenthal are probing Cantor Fitzgerald’s financial ties to Tether, citing potential national security risks linked to sanctioned actors. A Senate Subcommittee review discovered that 84% of 846 sanctioned, Iran-linked cryptocurrency wallets transacted almost entirely using Tether’s $USDT stablecoin. Tether CEO Paolo Ardoino defended the firm’s compliance record, ...

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Coins•Oct 8, 2026

Cantor Fitzgerald Faces Senate Democrat’s Probe Over Tether Ties

Key Highlights: Senator Richard Blumenthal has launched an inquiry scrutinizing Cantor Fitzgerald’s financial ties and custodial partnership with stablecoin issuer Tether. The probe centers on a significant valuation surge in Cantor’s Tether stake and distributions received by Commerce Secretary Howard Lutnick before stepping down from the firm. Blumenthal has requested extensive documentation—including compliance reviews, divestiture ...

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Coins•Sep 20, 2026

Why Trump backed a crypto ethics rule that stopped at the family business

Key Highlights The CLARITY Act’s failed ethics provision would have required senior federal officials to divest crypto-related equity holdings above $15,000 or place them in qualified blind trusts, covering spouses but not adult children. Commerce Secretary Howard Lutnick’s transfer of Cantor Fitzgerald ownership to trusts benefiting his adult children illustrates the gap between legal separation ...

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