Political & regulatory context

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The 21 Capital initiative, according to the Financial Times, emerges amid a shift toward more accommodative US crypto policies under President Donald Trump
Howard Lutnick, Cantor’s former CEO and current US Commerce Secretary, is closely linked to Tether, according to Bloomberg, through Cantor’s role in managing Tether’s reserves and holding a convertible bond issued by the company
Tether and Bitfinex previously settled major regulatory investigations in 2021 with both the New York Attorney General and the Commodity Futures Trading Commission (CFTC)

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