Warren, Wyden Question Tether and Lutnick Over Family Trust Loan

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Elizabeth Warren and Ron Wyden sent letters to Tether CEO Paolo Ardoino and Commerce Secretary Howard Lutnick this week over a Tether loan tied to a family trust benefiting Lutnick’s children. The senators said the arrangement may have helped finance the purchase of Lutnick’s stake in Cantor Fitzgerald and raised conflict-of-interest or bribery concerns. The letters also cited Tether’s past compliance record and its lobbying during the GENIUS Act legislative process.

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