PANews reported on November 24 that according to The block, a Tether spokesperson said: "Tether's relationship with Cantor Fitzgerald is a purely professional relationship based on the management of reserves. The claim that Howard Lutnick's joining the transition team somehow means that it has an impact on regulatory actions is nonsense."
Earlier , the Wall Street Journal reported that sources revealed that Wall Street financial services company Cantor Fitzgerald agreed to acquire 5% of the shares of stablecoin issuer Tether in 2023. When the agreement was reached, the 5% stake was worth up to $600 million. This may mean that Tether will gain more political support, as Cantor Fitzgerald CEO Howard Lutnick was appointed as U.S. President-elect Donald Trump's Secretary of Commerce on November 19. Tether's largest shareholder Giancarlo Devasini once said: "Lutnick will use his political influence to try to resolve the threats facing Tether."
