Reported by Aleks Gilbert

When it comes to Tether, Howard Lutnick, President Trump’s pick to lead the US Department of Commerce, has a simple message for critical US senators.

They shouldn’t blame the stablecoin issuer for all the bad actors that use USDT to launder dirty money.

“It’s like blaming Apple because criminals use Apple phones,” Lutnick testified to the US Senate Committee on Commerce, Science, and Transportation during his confirmation hearing on Wednesday.

“It’s just a product. We don’t pick on the US Treasury, because criminals use US dollars.”

Read full report: https://www.dlnews.com/articles/regulation/trump-cabinet-pick-lutnick-defends-tether-in-senate-hearing/