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Democratic senators pressure it over allegations that Tether bribed the U.S. Secretary of Commerce
BlockBeats message, May 1 — Democratic Party senators Elizabeth Warren and Ron Wyden pressured both sides over allegations that Tether bribed U.S. Commerce Secretary Howard Lutnick. Reportedly, Tether provided an undisclosed amount of loans to a trust fund with Howard Lutnick’s children as beneficiaries, and Cantor Fitzgerald, where Howard Lutnick previously worked, was also Tether’s reserve-asset management institution.
Elizabeth Warren and Ron Wyden also pointed out that the previously passed “Genius Act” benefited Tether, and that Tether had also lobbied in support of the bill, where there may be a money-for-favors exchange.