According to Cointelegraph, Senate Democratic investigators have opened a formal probe into Cantor Fitzgerald’s ties to Tether, following the delivery of a letter by lawmakers last month. The letter references a separate report by Democratic investigators from the previous month, which alleged that Tether’s USDT token has been used as a key instrument within Iran’s shadow banking network.
The inquiry centers on Cantor Fitzgerald’s business practices and interactions related to Tether, though no specific allegations of wrongdoing have been detailed in the public record. The timing aligns with ongoing congressional scrutiny of cryptocurrency firms’ roles in international finance and regulatory compliance. Officials involved with the probe have not released further details regarding scope, evidence under review, or potential next steps.
