Market News: Howard Lutnick's son, the nominee for US Secretary of Commerce, may take over Cantor's Tether business

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2024-11-25 06:55:22

Howard Lutnick, a Cryptocurrency supporter nominated by Trump as Secretary of Commerce, previously stated that he would resign from his positions at Cantor, BGC and Newmark after being approved by the Senate. Howard Lutnick is currently the CEO of Cantor and plans to transfer the company’s Tether business relationships to his colleagues. The candidate is reportedly likely to be his son Brandon Lutnick, who previously interned in Tether’s Swiss business department and currently works at Cantor. It is said that during his internship in Lugano, he counted the gold bars supporting Tether Gold, a token worth $660 million. #BTC

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