Market news: Howard Lutnick's son, the nominee for the U.S. Secretary of Commerce, may take over Cantor's Tether business

CoinVoice

2024-11-25 06:55:25

CoinVoice has learned that Howard Lutnick, a Cryptocurrency supporter nominated by Trump as the Secretary of Commerce, previously stated that he would resign from his positions at Cantor, BGC, and Newmark after Senate approval. Howard Lutnick currently serves as the CEO of Cantor and plans to transfer the company’s Tether business relationship to a colleague. It is said that the likely candidate is his son, Brandon Lutnick. Brandon Lutnick previously interned in Tether’s Swiss business department and currently works at Cantor. It is said that during his internship in Lugano, he counted the gold bars supporting Tether Gold, worth 6.6 billion US dollars. [Original Article Link]

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