EL Salvador

Senator Richard Blumenthal is seeking detailed information from Cantor Fitzgerald about its financial relationship with Tether, the issuer of USDT. The inquiry comes as Democrats’ chances of gaining Senate control rise, potentially giving crypto critics stronger investigative authority.

El Salvador is poised to receive approximately $140 million after reaching a staff-level agreement with the IMF on combined reviews of its financing program. The IMF said bitcoin added to official holdings since June 2025 came from private donations, while public-sector accumulation remains constrained under the loan framework.

El Salvador's commitment to bitcoin is evident as it deepens its engagement with the digital currency market. President Nayib Bukele's recent announcement to purchase one bitcoin daily until fiat currencies render it unaffordable has propelled the nation's bitcoin holdings to approximately $400 million, reflecting a pioneering stance that sets a precedent for others to follow.