CryptoMedium•8 October 2026•
1 min read
US Senate Probe Targets Cantor Fitzgerald and Tether Relationship
Key Facts
1Senator Richard Blumenthal requested records regarding custody, compliance, and financial arrangements between Cantor Fitzgerald and Tether.
2The investigation focuses on compliance controls and the ownership structure of Tether, the issuer of USDT.
3The move comes amid increasing political scrutiny of Tether's financial partnerships within the United States.
Senator Richard Blumenthal has requested records regarding custody, compliance, and financial arrangements between Cantor Fitzgerald and Tether. CoinDesk reported that the investigation focuses on compliance controls and the ownership structure of Tether, the issuer of the USDT stablecoin. The move comes amid increasing political scrutiny of Tether's financial partnerships within the United States.
The inquiry seeks information on how Cantor Fitzgerald investigates allegations that Tether's tokens have been used in illicit banking networks, according to TokenPost. Cantor Fitzgerald manages a substantial portion of Tether’s U.S. reserves, which are estimated to exceed $100 billion. The firm has been asked to respond by October 23, 2026.