【Tether spokesperson: The relationship with Cantor is purely business, the claim that Lutnick influences regulatory actions is completely unfounded】Golden Finance reports that a spokesperson for Tether stated: "The relationship between Tether and Cantor Fitzgerald is purely a business relationship based on managing reserves. The claim that Howard Lutnick's involvement in the transition team somehow implies influence over regulatory actions is completely unfounded." Lutnick stated on Wednesday that after Senate approval, he will resign from his positions at Cantor, BGC, and Newmark, and he mentioned in a statement: "I plan 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 public sale of stocks." Cantor Fitzgerald CEO and major shareholder Howard Lutnick previously served as co-chair of the president-elect Trump's transition team and was recently nominated for Secretary of Commerce. Earlier today, according to reports from WSJ, Tether CFO Giancarlo Devasini privately stated earlier this year that Howard Lutnick would use his political influence to try to mitigate the threats facing Tether.
