Howard Lutnick

Tether mints an additional $3 billion in USDt stablecoins

November 24, 2024 Coin Telegraph

Bitcoin

According to stablecoin firm Tether, over $134 billion USDt tokens are circulating across various blockchain protocols as of November 2024.

Stablecoin issuer Tether minted an additional $3 billion in USDt (USDT) tokens on November 23 on the Ethereum and Tron networks amid increased trading volume in the crypto markets — particularly Bitcoin (BTC) as it approaches the $100,000 price level.

Data from Arkham Intelligence revealed that $2 billion in USDt was minted on the Ethereum blockchain, and an additional $1 billion USDt was minted on the Tron network in back-to-back transactions.

According to Lookonchain, Tether has minted approximately $13 billion USDt since November 8, 2024. On November 24, Tether CEO Paolo Ardoino said, "In 2025, Tether will need to reach hyper-productivity to accomplish our grand vision."

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Rumble secures $775 million investment from Tether

Cantor Fitzgerald agreed to acquire 5% stake in Tether for up to $600M: Report

November 24, 2024 Coin Telegraph

banking partner

The report comes five days after Cantor Fitzgerald's CEO Howard Lutnick was appointed as President-Elect Donald Trump’s Secretary of Commerce.

Financial services firm Cantor Fitzgerald reportedly agreed to a 5% stake in stablecoin issuer Tether in the past year, which could position the company to receive more political support from the incoming Trump administration.

The 5% stake was reportedly valued up to $600 million when the agreement was made, WSJ said in the Nov. 24 report, citing information from business associates familiar with the matter.

It could mean Tether receives more political support as Cantor Fitzgerald’s CEO Howard Lutnick was appointed as United States President-Elect Donald Trump’s Secretary of Commerce on Nov. 19.

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Rumble secures $775 million investment from Tether

Trump Picks Crypto Advocate to Lead Commerce, Reshape US Financial Systems

November 20, 2024 Bitcoin.com

bitcoin.com

Crypto advocate Howard Lutnick’s nomination as Commerce Secretary by Trump could revolutionize U.S. cryptocurrency policy. Wall Street Leader Howard Lutnick Tapped as Commerce Secretary, Backing Crypto Growth President-elect Donald Trump has announced the nomination of Howard Lutnick, CEO of Wall Street giant Cantor Fitzgerald, as the next Secretary of Commerce. Lutnick, a seasoned financial executive, […]

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Rumble secures $775 million investment from Tether

Donald Trump taps crypto advocate Lutnick as commerce secretary

November 20, 2024 Coin Telegraph

Bitcoin

The future commerce secretary is a billionaire whose Wall Street firm has ties to Tether.

United States President-elect Donald Trump has chosen Cantor Fitzgerald CEO Howard Lutnick to be his Secretary of Commerce, according to press reports on Nov. 19. Lutnick has a long record as a cryptocurrency proponent.

The Secretary of Commerce is charged with advancing US business both domestically and abroad. The secretary is a member of the Cabinet of the United States — the president’s closest advisers. Lutnick is currently the co-lead of the Trump transition team and was seen as the most likely candidate for the Cabinet position.

Lutnick has attracted attention in the crypto world for his ties to the stablecoin issuer Tether (USDT) and statements he has made about Bitcoin (BTC).

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Rumble secures $775 million investment from Tether

Cantor Fitzgerald CEO Howard Lutnick vying for Treasury Secretary post

November 14, 2024 Coin Telegraph

Cantor Fitzgerald

Lutnick has become increasingly visible to the crypto community due to his relationship with Tether and his appearance at Bitcoin 2024.

President-Elect Donald Trump is selecting cabinet members for his upcoming administration in 2025, and the role of Treasury Secretary is now reportedly contested between Scott Bessent and Cantor Fitzgerald CEO Howard Lutnick.

According to Fox Business reporter Eleanor Terrett, Bessent was "All but certain" to secure the position as recently as Tuesday, November 13. The pro-crypto asset manager was the most likely pick for United States Treasury Secretary alongside hedge fund manager John Paulson.

However, Paulson bowed out of the cabinet selection due to what he described as "complex financial obligations," and Lutnick has allegedly rushed in to clench the Treasury Secretary role, sources close to the process say.

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Rumble secures $775 million investment from Tether

Cantor Fitzgerald CEO: Bitcoin Is a Commodity, Should Be Treated Like Gold and Oil

September 30, 2024 Bitcoin.com

Bitcoin

Howard Lutnick, CEO of Cantor Fitzgerald, says bitcoin is a commodity. “When you truly understand bitcoin, it’s hard to see it any other way,” he said, adding that the crypto “should be treated like gold and like oil.” While stating that other digital assets may vary, he firmly maintained that BTC is a commodity. Howard […]

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Rumble secures $775 million investment from Tether

Bitcoin should be treated as a commodity, like gold: Cantor Fitzgerald CEO

September 28, 2024 Coin Telegraph

Bitcoin

Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.

On Sept. 27, Howard Lutnick, the CEO of financial Cantor Fitzgerald, appeared on Fox Business and urged regulators to classify Bitcoin as a commodity, similar to gold and oil.

In the “Mornings with Maria” interview, Lutnick stated that Bitcoin’s (BTC) status as a commodity is well-established and called for clearer regulation of the cryptocurrency space.

Related: Cantor Fitzgerald CEO to co-lead Trump transition team

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Rumble secures $775 million investment from Tether

Cantor Fitzgerald Announces New Venture to Provide Leverage to Bitcoin Investors

July 29, 2024 Bitcoin.com

Bitcoin (BTC)

Cantor Fitzgerald, a billionaire asset management fund, recently announced its plans to provide leveraging services for Bitcoin investors. This venture will operate as a separate entity, commencing its operations with a capital of $2 billion. The capital will be replenished in tranches of $2 billion to cater to the needs of Bitcoin holders. This information […]

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Rumble secures $775 million investment from Tether

Cantor Fitzgerald CEO Props up Stablecoins in the Fight for US Dollar Hegemony

June 22, 2024 Bitcoin.com

bitcoin.com

Howard Lutnick, CEO of financial services company Cantor Fitzgerald, highlighted the value of stablecoins in the fight to maintain the hegemony of the U.S. dollar. Lutnick stated that fully redeemable stablecoins allowed citizens in emerging markets to use their digital dollars for commerce, stabilizing the demand and relevance of the currency. Cantor Fitzgerald CEO: The […]

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Rumble secures $775 million investment from Tether

Stablecoins are ‘fundamental’ for the US economy — Cantor Fitzgerald CEO

April 10, 2024 The Crypto Briefing

blackrock

Lutnick claimed at a recent conference hosted by Chainalysis that stablecoins are fundamental for the US economy.

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Rumble secures $775 million investment from Tether