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#usdt #xaut
😐🇺🇸 Tight ties between Tether and the U.S. Secretary of Commerce.
Democratic Senators Elizabeth Warren and Ron Wyden are demanding explanations from Tether’s CEO and the U.S. Secretary of Commerce due to a loan to Howard Lattner’s family.
➠ Howard Lattner previously led Cantor Fitzgerald—since 2021, the company has been working with Tether and holds part of the USDT reserves.
➠ After being appointed U.S. Secretary of Commerce, Howard Lattner was supposed to divest his stake in the company to avoid a conflict of interest.
➠ On October 6, 2025, Lattner transferred his stake in Cantor Fitzgerald to trusts for the benefit of his children. The next day, a loan document from Tether to one of these trusts—Dynasty Trust A—appeared. The loan amount has not been disclosed.
➠ The collateral for the loan could have been all of the trust’s assets, including more than 50% of Cantor Fitzgerald’s capital.
➠ The senators’ main question: could Tether have helped Lattner’s children buy their father’s stake in Cantor Fitzgerald, and in return gain influence over the minister’s family’s assets + the question also remains whether this loan is included in the assets that back USDT.
➠ The senators expect a response by May 13, 2026.