3 days ago · Howard Lutnick faced more Senate scrutiny over Cantor Fitzgerald's ties to Tether, softening previous assurances on USDT's reserves. He confirmed a convertible debt in Tether, the stablecoin's ...

16 hours ago · Howard Lutnick, a billionaire banker poised to run the Department of Commerce, has deep ties to the crypto industry.But he hasn't committed to recusing himself from Donald Trump's crypto task force that will develop policies on digital assets. Lutnick is the longtime head of Cantor Fitzgerald, an investment bank that serves Tether, a crypto platform with the most widely used stablecoin in the ...

Dec 10, 2024 · So when Lutnick — Tether's U.S. Treasuries dealer — said this year that Tether actually has the money it says is backing its huge USDT stablecoin, that put a final nail in the coffin of...

Jan 29, 2025 · Commerce Secretary nominee Howard Lutnick defended Tether in a Senate hearing, arguing AI will "rid the world of criminals" using blockchain.

Jan 29, 2025 · Howard Lutnick, who is President Donald Trump's nominee to be secretary of Commerce, is drawing scrutiny on his relationship with Tether from Senator Elizabeth Warren — the ranking Democrat on ...

Jan 29, 2025 · Wall Street billionaire Howard Lutnick, President Donald Trump’s pick for Commerce Secretary and a noted Bitcoin bull, said during his Senate confirmation hearing Wednesday that he would support government audits of stablecoin reserves.. Lutnick’s own firm, Cantor Fitzgerald, currently custodies billions of dollars in assets that back Tether, the world’s largest stablecoin.

Dec 12, 2024 · Howard Lutnick, Donald Trump’s pick to lead the commerce department, has fiercely defended Tether, which pulled $5.2bn in profits during the first half of 2024. Lutnick’s company, the broker ...

Feb 6, 2024 · Cantor Fitzgerald CEO Howard Lutnick is taking heat over the New York financial giant’s massive investment in Tether – a cryptocurrency popular with terrorist groups including Hamas.

Nov 20, 2024 · Howard Lutnick, the Cantor Fitzgerald CEO who’s been tapped to run the US Commerce Department, has in recent years become a prominent cheerleader for Tether, the company behind one of the...

But as chairman of the Wall Street trading firm Cantor Fitzgerald, Lutnick counts as one of his other most important clients an ex-plastic surgeon named Giancarlo Devasini, the owner of the...