“Senator Elizabeth Warren expressed a “serious concern” on the “personal ties” of Howard Lutnik with Tether and affiliates. This is stated in her letter by the candidate for the post of head of the USA. Questions on digital assets were raised by Tether and Cantor Fitzgerald, a firm in which Lutk held the position of CEO. She called the Issuer of Steiblcoin “a well -known organizer of criminal activity” and USDT – “favorite cryptocurrency of intruders.” “Although you agreed to get rid of your […]”, – WRITE: Businessua.com.ua
Senator Elizabeth Warren expressed a “serious concern” on the “personal ties” of Howard Lutnik with Tether and affiliates. This is stated in her letter Candidate for the post of Head of the Ministry of Defense of the United States.
Questions on digital assets were raised by Tether and Cantor Fitzgerald, a firm in which Lutk held the position of CEO.
She called the Issuer of Steiblcoin “a well -known organizer of criminal activity” and USDT – “favorite cryptocurrency of intruders.”
“Although you have agreed to get rid of your share in Cantor Fitzgerald, which owns 5% of Tether’s shares and acts as its managing assets, it does not remove questions about your deep personal ties with the company or its affiliates,” the document reads.
Warren doubted in “ability [Лютника] to put the interests of US citizens higher than personal gain “in the event of its approval to the post of Minister of Commerce.
In the case of a positive decision on January 29, ex-Ceo Cantor Fitzgerald will receive “extraordinary access” to President Donald Trump and other officials responsible for supervising Tether.
As a result, it will be able to “directly or indirectly affect the regulation of the Issuer’s activity of the steiblcoin and the entire crypto industry”, warned Warren.
The senator urged the lutnik to answer until February 10 at 13 questions, revealing the details of his share in Tether and talking with Trump administration representatives about the company.
Warren also invited information about the Cantor Fitzgerald Verification of the USDT issuer to comply with legislation.
The senator is not included in the Committee of the upper house of the Congress on Trade, Science and Transport, which will conduct a hearing to approve the head of the Ministry of Commander.
Warren is known for its criticism of digital assets. In particular, she has developed a bill on combating money laundering that extends requirements BSAincluding with Kycon miners, validators and operators of the wallets.
Previously Sec Approval of the spotting of Ethereum-ETF pressure exerted by Vorren on the head of the agency.
Lutnik called the Canttor Fitzgerald relationship and USDT issuer exclusively professional and based on the management of the latter’s reserves.
Recall that in September Tether, TRON and TRM Labs founded the Alliance T3 Financial Crime Unit to fight financial crimes. It is focused on stopping the illegal use of USDT on the TRON blockchain.
That same month, the company helped the US Ministry of Justice to arrest more than $ 6 million assets associated with cryptoshahrai from Southeast Asia.
A month later, WSJ reported the investigation by the US authorities with possible violations of the Tether sanction regime and the rules for combating money laundering. CEO of Paolo Adoino firms denied this information.
TETHER has assumed expansion of operations in the US
The gun