Two Democratic senators have asked US Commerce Secretary Howard Lutnick and the cryptocurrency giant Tether for information about a loan between the company and a trust benefitting Lutnick’s children.
The loan, first reported by Bloomberg News in March, raises “serious questions about your relationship with Tether and the company’s influence on your policy decisions,” Senators Elizabeth Warren and Ron Wyden wrote in a letter to Lutnick on Wednesday. “We want to ensure that Tether has not sought to bribe or otherwise exert control or influence over you.”
Lutnick, the former chief executive officer of financial services firm Cantor Fitzgerald, ...
