Market News: US Commerce Secretary nominee Howard Lutnick’s son may take over Cantor’s Tether business
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2024-11-25 14:32:01 7,293
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Golden Finance reported that Howard Lutnick, a cryptocurrency supporter who was nominated by Trump as Secretary of Commerce, previously stated that he would resign from Cantor, BGC and Newmark after being approved by the Senate. Howard Lutnick is currently the CEO of Cantor and he plans to transfer the company’s The Tether business relationship was handed over to a colleague, and 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.