Warren is Lutnick Pick for Trump’s chief executive officer
Senator Elizabeth Warren pressed the US president, CANTOR FITZGERALD CEO Howard Lutnick, CEO Howard Lutnick.
In a letter on January 27, Warren said that Lutnick’s “deep participation and support for Tether, a known promotion of crime acts described as” Outlaws “as the favorite cryptocurrency.
“I agreed to sell interest in Cantor Fitzgerald, which holds a 5% stake in tethers and serves as an asset manager of tethers, but this sale does not end the question about a deep personal relationship with the company or its affiliates.” Warren, the best Democratic Party of the Senate Bank Commission.
She still questioned that if she is confirmed to be the Minister of Commerce, she will question the ability to express the interests of the American people before the individual’s financial interests.
According to Warren, when Lutnik is confirmed at the hearing on January 29, he will have a “special approach” for President Trump and other officials in charge of tether regulations.
Warren asked Lutnick a list of questions, including his financial stake on the current tether. Elizabeth Warren
She argued that he was in a position that could affect the policy that could directly or indirectly affect tethers and the entire cryptocurrency industry.
Warren asked Lutnick to answer 13 questions, including his financial stake in Tether, Trump administrative officials and tethers.
She also asked if the Cantor Fitzgerald performed due diligence to confirm that Tether had known customer rules in the bank secret, international sanctions, and the prevention of money laundering.
Senator Massachusetts wants to answer her questions until February 10, but she is not in the Senate Senate, Science and Transportation Committee, which will hold a confirmation hearing for Lutnick.
Warren said bad actors use stablecoin and tether (USDT) named after tethers to raise funds to criminal acts such as money laundering and sanctions and actions such as North Korea’s nuclear programs.
Tether and Cantor Pitts Gerald did not immediately respond to the request from Coin Telegraph.
The tethers helped the authorities to stop illegal activities. On January 27, in cooperation with the blockchain company TRON and TRM Labs, the Spanish law enforcement agency frozen $ 26.4 million by encryption connected to the operation of the European funds.
relevant: The tethers secures the license and moves the headquarters to El Salvador.
In September, tethers said that the FBI frozen a cheat wallet to help recover $ 6 million from encryption frauders targeting US citizens.
Warren, a cryptocurrency, called for a strict regulation on the cryptocurrency industry, and recently called Trump’s Treasury Pick to consider more strict encryption.
In 2022 and 2023, she introduced a digital asset prevention method to bring the encryption industry to the ankle according to the existing AML and CTF frameworks.
The legislation is a concern that the chamber of digital commerce, a US -based encryption advocacy group, and 80 former military and national security officials, can interfere with the law and promote the digital asset industry abroad. It exploded.
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