U.S. Senator Richard Blumenthal sent a formal letter on October 8, 2026, to Cantor Fitzgerald Chairman Brandon Lutnick, demanding records on the investment bank's financial relationship and partnership with stablecoin issuer Tether

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Bicameral federal legislature of the United States, made up of the Senate and the House of Representatives, which writes law, controls federal spending and oversees the executive branch. Its two chambers represent states and districts on different terms and hold different constitutional powers.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.