PANews reported on August 16 that according to The Block, US presidential candidate Donald Trump announced that Howard Lutnick, CEO of Cantor Fitzgerald, will lead the transition team if he is re-elected president. Cantor Fitzgerald has been Tether's custodian since the end of 2021, and Lutnick is considered a supporter of cryptocurrency. Alexander Grieve, vice president of Paradigm, said Lutnick's joining is of great significance to the crypto industry. Trump also promised to end the "illegal and un-American" suppression of the US crypto industry.
CantorFitzgerald CEO previously stated: Stablecoins stimulate demand for U.S. Treasuries. U.S. dollar stablecoins not only enhance the global dominance of the U.S. dollar, but are also an important part of the largest economy in the United States.