U.S. Commerce Secretary’s Tether Holdings and Bitcoin Loan Projects

Reports revealed that Cantor, founded by prospective Commerce Secretary Lutnick, owns a 5% stake in Tether worth $600 million at the time of acquisition. Amid DOJ investigations into sanctions violations and money laundering by Tether, Lutnick may use political clout to mitigate these threats.

Cantor is also exploring Tether-backed Bitcoin collateralized loans, initially valued at $2 billion.