Tether custodian Cantor Fitzgerald reaches a $6.75 million settlement agreement with the US SEC

According to Protos, Cantor Fitzgerald, a broker associated with Tether, has reached a settlement agreement with the US Securities and Exchange Commission (SEC) and paid a fine of $6.75 million. The SEC accuses two special purpose acquisition companies (SPACs) of making misleading statements to investors before their IPOs, raising $750 million. Cantor Fitzgerald has not admitted or denied these allegations. In addition, the association between Cantor Fitzgerald and Tether has attracted attention. It holds a 5% stake in Tether, valued at up to $600 million, and manages most of Tether's $134 billion assets, charging tens of millions of dollars in fees. CEO Howard Lutnick will lead the Commerce Department of the Trump administration and has served as co chair of the Trump transition team.