US Senator Warren Presses Commerce Secretary Nominee Lutnick to Explain His Relationship with Tether

US Senator Elizabeth Warren has stepped up her criticism of cryptocurrencies by pressing Commerce Secretary nominee Howard Lutnick to clarify his relationship with Tether (USDT).

During a hearing, Warren raised concerns about the transparency and risks associated with Tether, one of the world’s largest stablecoin issuers. The senator argued that Lutnick’s ties to Tether could raise questions about the influence of cryptocurrencies on US economic policy.

The move reflects Warren’s tougher stance against the crypto industry as regulators seek to increase oversight of stablecoins and other digital assets.#SOLETFsOnTheHorizon $BTC