Golden Finance reported that the U.S. Securities and Exchange Commission (SEC) announced that Cantor Fitzgerald, Tether’s main asset custodian, agreed to pay a $6.75 million fine for making misleading statements to investors in two SPAC projects. The two SPACs had previously raised a combined $750 million. Sanjay Wadhwa, acting director of the SEC's Enforcement Division, pointed out that Cantor Fitzgerald has repeatedly denied contact with merger targets in public documents, but has actually engaged in substantive merger negotiations with multiple private companies.