Regulation· ★★★★· bearish·

Senate Democrat Blumenthal probes Cantor Fitzgerald-Tether ties

  • —Blumenthal is leading an inquiry into Tether's ties to Cantor Fitzgerald
  • —Cantor Fitzgerald is a key U.S. financial partner of the USDT issuer
  • —The probe follows rising Democratic odds of retaking the Senate
Why it matters: Scrutiny of the largest stablecoin issuer could weigh on the USDT market and accelerate U.S. regulation.
#USDT
Source: CoinDesk
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