Cantor Fitzgerald is facing questions from a Democratic senator about its ties to Tether, Cointelegraph reported on Oct 9, 2026. The senator sent the questions in a letter.
The letter came after a report last month by Democratic investigators. That report alleged that Tether's USDT has become a key tool in Iran's shadow banking network. This is an allegation from the investigators. The source does not say it has been proven.
The source leaves several things out. It does not name the senator, list the questions, describe Cantor Fitzgerald's ties to Tether, or give a deadline for answers. It also does not say whether Cantor Fitzgerald or Tether has responded.
For anyone already holding a perpetual position, nothing changes directly. A letter asking questions does not move funding rates, fee schedules or order-book liquidity on Bitget, Bybit, MEXC or OKX, and the report does not point to any change on those venues. This is a political and legal story about USDT for now, and we see no measurable cost to holding a position today.
Source: cointelegraph — Cantor Fitzgerald faces Senate Democrat’s questions over Tether ties