Blumenthal Demands Cantor Fitzgerald Records on Tether Stake, Custody Role

This is a Washington pressure play rather than a market event, but it lands on a structure that matters: a regulated US broker sitting inside the reserve and custody chain of the largest stablecoin. The significance is less the 13 requests than the precedent that stablecoin infrastructure can be pulled into congressional oversight through the firms that service it. The open question is whether the October 23 deadline produces documents or a jurisdictional fight.