Cantor Fitzgerald CEO to co-lead Trump transition team
The financial services company has managed the treasury portfolio for stablecoin issuer Tether since 2021.
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The financial services company has managed the treasury portfolio for stablecoin issuer Tether since 2021.
Lutnick claimed at a recent conference hosted by Chainalysis that stablecoins are fundamental for the US economy.
This weeks Crypto Biz explores Singapore Gulf Banks plans to acquire a stablecoin firm, Binance delisting tokens, Cantor Fitzgeralds stake in Tether and the first DOGE ETP.
Funding for Cantor’s program will start at $2 billion, but could reach tens of billions of dollars Cantor has a 5% ownership interest in Tether, valued as much as $600 million Howard Lutnick is to step down as Cantor’s CEO when his position as US Commerce Secretary is confirmed by the US Senate Cantor Fitzgerald […]
The post Lutnicks Cantor wants to use Tether to support a $2 billion Bitcoin lending program appeared first on CoinJournal.
The report comes five days after Cantor Fitzgerald's CEO Howard Lutnick was appointed as President-Elect Donald Trumps Secretary of Commerce.
Tether, the biggest stablecoin issuer, may receive more political backing after Cantor Fitzgerald reportedly bought a 5% stake in the company in the last year. As reported by The Wall Street Journal on November 24, the $600m stake now gives Cantor Fitzgerald a shared interest with Tether as major political events unfold in the US. […]
The future commerce secretary is a billionaire whose Wall Street firm has ties to Tether.
Lutnick has become increasingly visible to the crypto community due to his relationship with Tether and his appearance at Bitcoin 2024.
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