Cantor Fitzgerald is set to acquire around 5% of the ownership stake in Tether.

Howard Lutnick, CEO of Cantor Fitzgerald, is nominated as Commerce Secretary, which could affect U.S. crypto rules. His firm owns 5% of Tether and handles most of its reserves. He also introduced a $2 billion Bitcoin lending program. Howard Lutnick, the CEO of Cantor Fitzgerald, has been nominated as Commerce Secretary under President-elect Donald Trump’s

Source: Cryptopolitan