Warren probes Trump’s commerce chief pick Lutnick over Tether dealings
Senator Elizabeth Warren pressed Howard Lutnick, Donald Trump’s nominee to run the Department of Commerce, over his ties and interest in stablecoin issuer Tether.
US Senator Elizabeth Warren has pressed US President Donald Trump’s Commerce Secretary pick, Cantor Fitzgerald CEO Howard Lutnick, over his investment firm’s connection with stablecoin issuer Tether.
In a Jan. 27 letter, Warren said she has “serious concern” about Lutnick’s “deep involvement with and support for Tether, a known facilitator of criminal activity that has been described as ‘outlaws’ favorite cryptocurrency.’”
“While you have agreed to divest your interest in Cantor Fitzgerald, which holds a 5% stake in Tether, and serves as Tether’s asset manager, this divestment does not end the questions about your deep personal ties to the company or its affiliates,” wrote Warren, the top Democrat on the Senate Banking Committee.
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Author: Stephen Katte
