Howard Lutnick is set to make billions from Tether
Howard Lutnick was named the leading candidate for the future U.S. Secretary of Commerce position in Donald Trump's administration. The businessman openly supports Tether and claims a "significant role" for dollar-backed stablecoins USDT in strengthening the global dominance of the U.S., especially in high-inflation countries like Argentina, Turkey, and Venezuela.
"The hegemony of the dollar is fundamental for the United States of America. It is important for us, for our economy. That’s why I am a fan of properly backed stablecoins, Tether and Circle," said Howard Lutnick.
The Wall Street Journal reported that Lutnick may leverage his political influence to try to eliminate the threats faced by the issuer of USDT stablecoins. Lutnick is already participating in the preliminary selection of candidates for government positions, including in the leadership of regulatory bodies that could oversee Tether's operations in the U.S.
