Howard Lutnick, who was nominated by Trump as Secretary of Commerce, stated that he will 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, with the candidate possibly being his son Brandon Lutnick. Brandon Lutnick interned in Tether's Swiss division and is currently working at Cantor Fitzgerald. Previously, sources revealed that Cantor Fitzgerald is in talks with Tether regarding a Bitcoin collateral lending program. This program will allow clients to use Bitcoin as collateral to borrow US dollars. The initial funding is set at $2 billion. (Decrypt)
