Howard Lutnick: Tether’s friend in the White House

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Financial Times 11h ago

Howard Lutnick: Tether’s friend in the White House - Financial Times

Quick Summary:

He has defended Tether in a similar manner to the scrappy style that defined his rise in American finance and now politics.

Lutnick’s company, the broker Cantor Fitzgerald, took a stake in Tether while also managing a significant portion of its reserves on its behalf.

While speaking at a Nashville crypto conference in July, Lutnick pointed to Tether’s founder as one of the few industry players who could prove he was running a legitimate business.