Cantor Fitzgerald will purchase 5% stake in Tether

5% Deal

Cantor Fitzgerald CEO Howard Lutnick has indicated interest in acquiring a 5% stake in Tether. Due of Lutnick's current influence, I believe this could be a deal for Tether.

Impact on Tether and Cryptoverse

Cantor Fitzgerald is a well-known US financial firm with major crypto holdings. With a 33 billion USDT reserve, Cantor Fitzgerald is also a significant Tether holder, or like BlackRock / Microstrategy of Tether.

Influence on the government

Prior to the presidential elections the Treasury Department was considering banning Tether, and US prosecutors were investigating Tether for financial crimes. Lutnick is thought to be Trump's pick for the US Department of Commerce, but neither the investigation nor the opinion have altered as of yet.