Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 320
    CryptoMarketNewsSponsored Article

    From Neiro’s Legacy to MoonBull’s Momentum – Is This the Best Chance at 1000x Cryptos This Year?

    Every bull run leaves behind stories of winners and those who missed…

    By
    Benedikt Krüger
    September 14, 2025
    image 340
    CryptoMarketNewsSponsored Article
    Analysts Call MoonBull the Best Crypto to Watch in 2025 as Bonk Bolsters Solana and Cat in a Dog’s World Defends Its Cat Crown
    September 14, 2025
    image 319
    CryptoMarketNewsSponsored Article
    Stay Bullish, Stay Early – MoonBull Whitelist Takes the Spotlight: The Top New Meme Coin as Pepe and Dogecoin Surge Forward
    September 13, 2025
    image 316
    CryptoMarketNewsSponsored Article
    Too Late for Shiba Inu? MoonBull is One of the Top Meme Coins to Watch – Get Whitelist Access Before It’s Gone
    September 13, 2025
    image 312
    CryptoMarketNewsSponsored Article
    Snek Climbs 21%, Baby Doge Volume Soars 182% as MoonBull Whitelist Runs Out – The New Meme Coin to Watch?
    September 12, 2025
  • Cryptocurrency
    image 320
    From Neiro’s Legacy to MoonBull’s Momentum – Is This the Best Chance at 1000x Cryptos This Year?
    5 Min Read
    image 340
    Analysts Call MoonBull the Best Crypto to Watch in 2025 as Bonk Bolsters Solana and Cat in a Dog’s World Defends Its Cat Crown
    6 Min Read
    image 319
    Stay Bullish, Stay Early – MoonBull Whitelist Takes the Spotlight: The Top New Meme Coin as Pepe and Dogecoin Surge Forward
    10 Min Read
    image 316
    Too Late for Shiba Inu? MoonBull is One of the Top Meme Coins to Watch – Get Whitelist Access Before It’s Gone
    8 Min Read
    image 312
    Snek Climbs 21%, Baby Doge Volume Soars 182% as MoonBull Whitelist Runs Out – The New Meme Coin to Watch?
    6 Min Read
    image 308
    MoonBull Whitelist Sets Stage for Explosive 1000x Crypto Surge, While Cat in a Dog’s World and Popcat Stay Strong
    9 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Trump’s Commerce Secretary Nominee: Impact on Crypto and Tether’s Hidden Connections
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > Crypto > Tether > Trump’s Commerce Secretary Nominee: Impact on Crypto and Tether’s Hidden Connections
CryptoNewsTether

Trump’s Commerce Secretary Nominee: Impact on Crypto and Tether’s Hidden Connections

illustration focusing on the connection between the United States and Tether USDT. The image features a Tether coin pr
Camila Santos
Last updated: November 25, 2024 12:59 pm
By
Camila Santos
Published November 25, 2024
2 Min Read
Share

Donald Trump’s nomination of Howard Lutnick, CEO of Cantor Fitzgerald, as the next Commerce Secretary is making waves in the crypto world. Lutnick’s ties to Tether (USDT), the largest stablecoin issuer, have raised questions about how this appointment could influence regulatory pressures and market dynamics.

Contents
Cantor Fitzgerald and Tether: A Strategic PartnershipTether’s Regulatory TroublesWhat’s Next for Lutnick and Cantor Fitzgerald?

Cantor Fitzgerald and Tether: A Strategic Partnership

Under Lutnick’s leadership, Cantor Fitzgerald has developed a close relationship with Tether, reportedly owning a 5% stake in the company valued at approximately $600 million. According to The Wall Street Journal, Cantor also manages a significant portion of Tether’s $133 billion reserves, earning millions annually from this partnership.

Tether executives are optimistic about Lutnick’s potential appointment, believing it could alleviate regulatory scrutiny on offshore stablecoin issuers. Giancarlo Devasini, a senior Tether executive, has hinted that Lutnick’s political influence may soften U.S. oversight.

Tether’s Regulatory Troubles

Despite its dominance, Tether has faced allegations of misuse in illegal activities such as terrorism financing and cybercrime. The U.S. Treasury Department is reportedly exploring sanctions against Tether for facilitating transactions that allegedly violate U.S. laws.

Tether CEO Paolo Ardoino has dismissed these claims as baseless, stating, “These accusations are recycled rumors without any merit.” The stablecoin issuer has continued to thrive, posting a $7.7 billion profit in the first nine months of the year, showcasing its resilience in the volatile crypto market.

representing the relationship between cryptocurrency and government. The image features a glowing Tether

What’s Next for Lutnick and Cantor Fitzgerald?

Lutnick has announced that if confirmed as Commerce Secretary, he will step down from his roles at Cantor Fitzgerald and divest his shares in compliance with ethical guidelines. However, the implications of his potential appointment for Tether and the broader crypto industry remain a subject of intense debate.

For in-depth insights into how this development could shape the future of crypto, follow Dey There for timely updates and expert analysis.

Howard Lutnick, Tether, crypto market, stablecoins, regulatory scrutiny

Advertising

For advertising inquiries, please email . [email protected] or Telegram

NASDAQ Plunges, S&P 500 Drops 3%, Crypto Markets Crash

MoonBull Secures the Best Crypto Whitelist Spot as Trump Coin Holds $8.85 and FLOKI Catches Traders’ Eyes

Hedera and Copper Boost Institutional HBAR Access

Holograph Hack Suspects Arrested by EU Authorities

Bitcoin and Ethereum ETF Inflows Rise, But Market Faces Near-Term Risks

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByCamila Santos
Camila Santos is a blockchain and cryptocurrency specialist with 9 years of experience in the field. Starting her career in the financial sector, Camila quickly became interested in the potential of blockchain to revolutionize finance. She has since been involved in several high-profile blockchain projects, including the development of decentralized platforms and financial products. Her expertise spans across blockchain governance, smart contracts, and the broader implications of blockchain for the global financial system. At DT NEWS, Camila provides readers with expert analysis and commentary on the latest developments in the blockchain and cryptocurrency industries, ensuring they stay informed about key trends.
Previous Article Will Scott Bessent Bring Crypto to the Mainstream as Treasury Secretary? Will Scott Bessent Bring Crypto to the Mainstream as Treasury Secretary?
Next Article MrBeast Responds to Crypto Allegations in Oompaville Interview MrBeast Responds to Crypto Allegations in Oompaville Interview
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English