According to Foresight News and reported by Decrypt, Howard Lutnick, a cryptocurrency supporter nominated by Trump for Secretary of Commerce, previously stated he would resign from Cantor Fitzgerald, BGC, and Newmark after Senate approval. Howard Lutnick plans to hand over the company's Tether business relations to a colleague, potentially his son Brandon Lutnick. Brandon Lutnick previously interned in Tether's Swiss business division and is currently working at Cantor Fitzgerald.
Previously, sources revealed that Cantor Fitzgerald is seeking Tether to support a multi-billion dollar lending program. This program will allow customers to borrow US dollars using Bitcoin as collateral. The initial funding is set at $2 billion, expected to expand to hundreds of billions.
