Tether spokesperson: The relationship with Cantor is purely professional, and the claim that Lutnick influences regulatory actions is completely unfounded.

According to Deep Tide TechFlow, on November 24, The Block reported that a spokesperson for Tether stated: "The relationship between Tether and Cantor Fitzgerald is purely professional and based on managing reserves. Claims that Howard Lutnick joined the transition team somehow imply influence over regulatory actions are completely unfounded."

Lutnick stated on Wednesday that after Senate approval, he will resign from his positions at Cantor, BGC, and Newmark. In a statement, he said: "I intend to divest my interests in these companies to comply with the ethical standards of the U.S. government and do not expect any arrangements involving the sale of shares in the public market."

According to previous reports, (The Wall Street Journal) reported that Tether owner Giancarlo Devasini privately stated earlier this year that Cantor Fitzgerald Chairman and Trump presidential transition advisor Howard Lutnick would use his political influence to mitigate the threats faced by Tether.