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US senator urges Treasury and DOJ to investigate Tether over Iran-linked USDT

Blumenthal referred findings on Iran-linked USDT activity to Treasury and Justice for review.

US senator urges Treasury and DOJ to investigate Tether over Iran-linked USDT
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This article1 analysis · Oct 3, 2026
tl;dr

Sen. Richard Blumenthal urged Treasury and the Justice Department to investigate Tether over reported Iran-linked USDT activity. Tether said it had helped freeze about $550 million in USDT associated with Iran in 2026.

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Richard Blumenthal D · CT · SEN
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Richard Blumenthal
D · CT · SEN

Senator urging Treasury and Justice to investigate Tether

PRIMARY SUBJECT
Todd Blanche
R · Attorney General

Attorney General receiving Blumenthal’s referral

Howard Lutnick
R · Secretary of Commerce

Commerce Secretary mentioned in connection with Cantor Fitzgerald and Tether

Scott Bessent
R · Secretary of the Treasury

Treasury Secretary receiving Blumenthal’s referral

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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