PANews reported on November 25 that according to Decrypt, Howard Lutnick, a cryptocurrency supporter nominated by Trump as Secretary of Commerce, previously stated that he would resign from Cantor, BGC and Newmark after approval by the Senate. Howard Lutnick is currently the CEO of Cantor. He plans to hand over the company's Tether business relationship to a colleague. It is said that the candidate is likely to be his son Brandon Lutnick.
Brandon Lutnick, who previously interned at Tether’s Swiss operations and currently works at Cantor, is said to have counted the gold bars backing Tether’s $660 million gold-backed token, Tether Gold, during his internship in Lugano.
Earlier news said that Cantor Fitzgerald is in talks with Tether to launch a $2 billion Bitcoin loan project; a Tether spokesperson said that it has a professional relationship with Cantor Fitzgerald and that the claim that its CEO Lutnick influenced regulatory actions is pure nonsense.
