Howard Lutnick is moving to strengthen his alliance with one of the most important and controversial names in the digital-asset business: Tether Holdings Ltd.

Commerce secretary pick’s finance firm could receive support from Tether to help fund project to lend dollars to clients against bitcoin.

WSJ reports that Cantor Fitzgerald, led by Trump's Commerce nominee Howard Lutnick, reportedly struck a deal for a $600M stake in Tether.

Cantor Fitzgerald CEO Howard Lutnick negotiates $2B lending venture with Tether amid potential Commerce Secretary nomination.

Before becoming Donald Trump’s commerce secretary pick, Lutnick deepened Cantor Fitzgerald’s ties with a stablecoin firm being investigated by U.S. authorities.

Lutnick, whose Cantor Fitzgerald has been a custodian for Tether since 2021, has been a vocal proponent of bitcoin and USDT for years.

Howard Lutnick, CEO of Cantor Fitzgerald, is a top ally of Trump who is heading transition team that is charged with staffing the next administration.

On Nov. 19, 2024, President-elect Donald Trump announced Howard Lutnick, CEO of Cantor Fitzgerald, as his choice for Secretary of Commerce.

U.S. President-elect Donald Trump's pick for Commerce Secretary, Howard Lutnick is in talks to deepen his financial ties with the company operating the world's largest stablecoin, Tether, by launching a $2 billion project to lend dollars to clients against bitcoin,

Howard Lutnick's Cantor Fitzgerald in talks with Tether to launch Bitcoin lending program worth billions; Tether probed by federal government.