U.S. Senator Warren questions Trump's Commerce Secretary nominee Lutnick's relationship with Tether

senior member of the Senate Banking Committee and Senator Elizabeth Warren has questioned the relationship between Howard Lutnick, the nominee for Commerce Secretary by President Trump, and Tether, citing potential conflicts of interest. She criticized Tether's connections to sanctioned entities and emphasized broader concerns. While Howard Lutnick will not directly oversee cryptocurrency regulation, the department has issued reports on industry regulation. Additionally, some believe that Lutnick's close relationship with Trump could have an impact, as his client Tether is facing scrutiny from US regulators and investigators. Warren stated, "I am deeply concerned about Lutnick's past work with a company that is under investigation for its ties to sanctioned entities such as Russian arms dealers and the North Korean nuclear weapons program. The Commerce Secretary should fight for the interests of the United States, not his own personal interests or the interests of former clients who have undermined our national security."