Bitcoin Bull Howard Lutnick Defends Tether in Senate Hearing—But Supports Stablecoin Audits
During a confirmation hearing to become Commerce Secretary, the billionaire Bitcoin backer faced questions about his firm’s ties to Tether.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Tether claims $550 million in Iran freezes, but $35 million slipped past Senate
Tether says it helped freeze nearly $550 million in Iran-linked USDT during 2026, while Democratic investigators on a Senate subco...
Open USD takes on Tether, Circle with a different stablecoin model that's 'building money'
The “overwhelming majority” of Open Standard’s equity will be distributed over time to partners based on how much they help grow t...
Open USD Stablecoin Goes Live as Stripe, Visa and Mastercard Open It to Businesses
Open USD (OUSD), the dollar stablecoin backed by Coinbase, Mastercard, Shopify, Stripe and Visa, went live on Wednesday, its opera...
Dan Tapiero: “We’ve Begun a Bull Phase” in Bitcoin
Bitcoin Magazine Dan Tapiero: “We’ve Begun a Bull Phase” in Bitcoin Dan Tapiero says a new bull phase has begun in the core assets...
Fed guarantees 2-day stablecoin payouts, but $76B remains blocked
The Federal Reserve's stablecoin proposal would put a general two-business-day limit on redemption by issuers it supervises. For a...
Bitcoin nears green September close as bulls look to October
Bitcoin nears a positive September close as Bitfinex analysts say stronger spot demand and ETF inflows are needed to support an Oc...