Market News: Howard Lutnick’s son, nominee for U.S. Secretary of Commerce, may take over Cantor’s Tether business
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Odaily Odaily News: Howard Lutnick, a cryptocurrency supporter 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. 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 previously interned in Tether's Swiss business unit and currently works at Cantor. It is said that he counted the gold bars supporting Tether's $660 million gold-backed token Tether Gold during his internship in Lugano.
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