The Democratic report in the US Senate accuses Tether of involvement in Iranian financial channels and investigates the Trump family's cryptocurrency business

Democratic investigators in the US Senate have released a report accusing USDT of becoming a financial conduit for Iran and demanding an investigation into whether Tether violated sanctions and banking laws. The report mentions the relationship between Tether and the Trump administration, including Cantor Fitzgerald's business dealings with Tether and Bo Hines' tenure. The report reviews investigations into TRUMP, World Liberty Financial, MGX, Binance, and the Trump family's cryptocurrency business since 2025, involving $2 billion in investments, $11.6 billion in asset value, $800 million in revenue, $500 million in equity acquisitions, and $550 million in frozen funds. Tether responded by stating that the company cooperates with law enforcement agencies and denied that USDT is a safe haven for criminal networks.