WASHINGTON, Oct. 8 -- Sen. Richard Blumenthal issued text of the following press release:
[WASHINGTON, D.C.] - U.S. Senator Richard Blumenthal (D-CT), Ranking Member of the Senate Permanent Subcommittee on Investigations (PSI), today demanded answers from Cantor Fitzgerald Chairman Brandon Lutnick about the firm's lucrative relationship with the cryptocurrency issuer Tether.
As PSI Ranking Member, Blumenthal is leading an inquiry into the illicit use of cryptocurrencies and the Trump Administration's self-enrichment and self-dealings with cryptocurrency firms. As part of this investigation, Blumenthal recently released a report detailing how Tether and its dollar-pegged stablecoin have become a significant financial lifeline within Iran's...