US senators questioned Tether and Commerce Secretary Lutnick about family trust loans.

CoinFeed reported on May 1st that, according to The Block, US Senators Elizabeth Warren and Ron Wyden sent a letter to stablecoin issuer Tether and US Commerce Secretary Howard Lutnick, questioning Tether's previous loan to a family trust of Lutnick's children. This loan occurred during the period when Lutnick transferred his shares in Cantor Fitzgerald to his children's trust. The senators stated that the document raises questions about whether Tether helped Lutnick's children obtain funds to purchase their father's shares in exchange for control of his children's assets. If true, this would be a "shocking revelation."