Deep Tide TechFlow News, on November 24, according to The Wall Street Journal, the relationship between Cantor Fitzgerald Chairman and President Trump’s transition advisor Howard Lutnick and stablecoin giant Tether has raised concerns. Sources revealed that Cantor Fitzgerald is expected to acquire about 5% ownership interest in Tether, the world's largest stablecoin issuer. Tether owner and former plastic surgeon Giancarlo Devasini privately indicated earlier this year that Lutnick would use his political influence to mitigate the threats facing Tether.
Cantor Fitzgerald is currently one of Tether's most important banking business partners, responsible for handling the company's billions of dollars in transactions each month. Tether is currently facing regulatory investigations, and Lutnick, as a potential commerce secretary candidate for Trump, may influence the future direction of cryptocurrency policy due to his close business relationship with Tether.