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

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The crypto giant has forged close ties with Cantor, whose former Chief Executive Officer Howard Lutnick now serves as US President Donald Trump’s commerce secretary

Cantor helps manage Tether’s reserves and holds a convertible bond issued by the stablecoin operator