Tether’s Powerful Ally: Cantor Fitzgerald’s 5% Stake Revealed as Lutnick Prepares for Commerce Secretary Role
Author: Content Editor
President-elect Donald Trump has nominated Howard Lutnick, CEO of Cantor Fitzgerald, to be the next Secretary of Commerce. Under Lutnick's leadership, Cantor Fitzgerald has acquired a 5% stake in Tether, the world's largest stablecoin issuer, valued at $600 million. This move raises questions about how Lutnick's political influence might impact the regulatory environment surrounding Tether and its business operations. Tether is currently under investigation for potential violations of anti-money laundering and sanctions laws. The future of cryptocurrency regulation in the U.S. could be influenced by Lutnick's involvement with Tether.