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◆ Mixed look for BlumenthalForeign Policy

Senate Report Says Tether’s USDT Is Central to Iranian Proxy Financing

Richard Blumenthal published a report examining USDT’s role in Iranian-linked financing networks.

Senate Report Says Tether’s USDT Is Central to Iranian Proxy Financing
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This article1 analysis · Oct 3, 2026

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Republished from Gizmodo. The relationship between the two publishers has not been determined.

Gizmodo71/100 HIGH

11 stories · 69–73 · updated Oct 6, 2026

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AOL.comvia Gizmodo
Sep 29, 2026
tl;dr

A report published by Sen. Richard Blumenthal says USDT was used extensively in Iranian-linked crypto transactions and alleges ties to financing networks connected to Hezbollah and the Houthis. It also raises questions about Tether’s relationships with Cantor Fitzgerald and Commerce Secretary Howard Lutnick’s family; Tether says it cooperates with U.S. authorities.

Community verdict

12 VOTES
How does this story look for
Richard Blumenthal D · CT · SEN
● OPEN

People in this story

SWIPE →
Richard Blumenthal
D · CT · SEN

Senator who published the report on Iranian-linked USDT transactions

PRIMARY SUBJECT
Donald Trump
R · President of the United States

President who signed the GENIUS Act

Howard Lutnick
R · Secretary of Commerce

Commerce Secretary named in the report’s account of Cantor Fitzgerald and Tether

Part of a bigger story

7 OUTLETS
Blumenthal-Led Senate Report Alleges Tether Use in Iran Sanctions Evasion

Outlets agree that Richard Blumenthal led a Senate report alleging Tether’s USDT was used in Iran-linked sanctions evasion. Blumenthal called for federal investigations. Left-leaning outlets connect the allegations to Tether’s ties involving Howard Lutnick and broader political or financing networks; center outlets focus on the report’s findings and Tether’s response.

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