Democratic senators are pressuring Tether over allegations of bribing the U.S. Secretary of Commerce

Democratic Senators Elizabeth Warren and Ron Wyden are pressuring both parties regarding Tether's alleged bribery of U.S. Commerce Secretary Howard Lutnick.

According to reports, Tether provided undisclosed loans to a trust fund benefiting Howard Lutnick's children, while Cantor Fitzgerald, where Howard Lutnick previously worked, was also Tether's reserve asset management agency. Elizabeth Warren and Ron Wyden also pointed out that the previously passed "Genius Act" benefited Tether, which had lobbied in support of the bill, suggesting potential quid pro quo.