CoinVoice has learned that according to The Block, a spokesperson for Tether stated that "The relationship between Tether and Cantor Fitzgerald is purely professional and based on reserve management. The claim that Howard Lutnick's involvement in the transition team somehow implies influence over regulatory actions is absurd."
Lutnick stated on Wednesday that after the Senate's approval, he will resign from Cantor, BGC, and Newmark. In a statement, he said: "I intend 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 sale of stock on the open market."
Earlier reports indicated that (The Wall Street Journal) reported that Tether owner Giancarlo Devasini privately stated earlier this year that Cantor Fitzgerald Chairman and Trump presidential transition advisor Howard Lutnick would leverage his political influence to mitigate the threats facing Tether. [Original link]
