Who is Howard Lutnick? The Tether-backing Trump ally few in crypto have ever heard of – DL News
- Cantor Fitzgerald manages US Treasuries to support USDT.
- Howard Lutnick is the co-chair of Trump’s transition team.
- Should Trump prevail on November 5, Lutnick would be an influential crypto advocate in the White House.
Howard Lutnick may be the most powerful crypto player few in crypto have ever heard of.
As the longtime chairman and CEO of Cantor Fitzgerald, a New York financial services firm, Lutnick is steeped in the inner workings of capital markets.
His company not only deals trillions of dollars in US government debt to investors, it also maintains a lockbox of securities that are vital to the top stablecoin in the $2.4 trillion cryptocurrency market.
Cantor manages US Treasury bonds that back up USDT, the stablecoin issued by Tether…
