According to BlockBeats, on August 16, Republican presidential candidate Donald Trump announced that if he is re-elected president, Howard Lutnick, CEO of Tether Bank Cantor Fitzgerald, will help lead his transition team.
Lutnick will serve as co-chair with former U.S. Small Business Administration Administrator Linda McMahon. If Trump is elected, his vice presidential pick JD Vance and Trump's sons Donald Trump Jr. and Eric Trump will serve as honorary chairmen.
Tether CEO Paolo Ardoino previously stated that Cantor Fitzgerald has served as Tether's custodian since the end of 2021. Alexander Grieve, vice president of government affairs at Paradigm, said Trump's choice is of great significance to the crypto industry.
