Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report
The report comes five days after Cantor Fitzgerald's CEO Howard Lutnick was appointed as President-Elect Donald Trumps Secretary of Commerce.
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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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