Senators Elizabeth Warren (D-MA) and Ron Wyden (D-OR) have written to Commerce Secretary Howard Lutnick and Tether CEO Paolo Ardoino, requesting information about loans made by the stablecoin firm to a trust that Lutnick's children benefited from.
Bloomberg reported in March that Lutnick sold his stake in Cantor Fitzgerald, a financial services firm, to his four children in October 2025, in order to comply with federal ethics rules. A day later, Warren and Wyden wrote, Tether lent an undisclosed amount to “Dynasty Trust A,” a trust of which Lutnick’s four children are beneficiaries.
The senators said that if “reports of this loan are accurate, it would raise serious questions about the relationship between Secretary Lutnick and Tether,” adding that, “We want to ensure that Tether has not sought to bribe or otherwise exert control or influence over Secretary Lutnick,” wrote the senators.
