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 ...