Senators probe Tether loan linked to Commerce Secretary Lutnick's family trust over conflict and security concerns

U.S. Senators Elizabeth Warren and Ron Wyden are investigating a reported loan from Tether to a family trust benefiting Commerce Secretary Howard Lutnick's children. The loan, secured by assets including a major stake in Cantor Fitzgerald, raises questions about conflicts of interest and potential influence on Lutnick's policy decisions. The inquiry also highlights national security risks tied to Tether's stablecoin USDT, which has been linked to illicit activities globally. Responses from Lutnick and Tether are requested by May 13, 2026, as lawmakers scrutinize stablecoin regulation and political influence in crypto markets.