6 months ago
Howard Lutnick's firm, Cantor Fitzgerald, is simply a salient Wall Street enslaved broker and a subordinate of an exclusive club: It's a superior trader that gets to commercialized straight with the Federal Reserve. So erstwhile Lutnick — Tether's U.S. Treasuries trader — said this twelvemonth that Tether <a href="https://www.coindesk.com/business/2024/01/16/big-wall-street-ceo-addresses-controversy-around-tethers-stablecoin-assets-they-have-the-money/" target="_blank">actually has the money</a> it says is backing its immense USDT stablecoin, that enactment a last nail successful the coffin of conspiracy theories claiming otherwise.
Lutnick's different root of power is being a protagonist of crypto — well, he's specific: conscionable bitcoin and stablecoins — successful adjacent orbit astir President-elect Donald Trump, serving present arsenic co-chair of Trump's modulation squad and a <a href="https://www.coindesk.com/policy/2024/11/19/howard-lutnick-tethers-wall-street-banker-is-trumps-pick-for-commerce-chief-not-treasury-secretary-reports/" target="_blank">nominee</a> to tally the Commerce Department.
It's not wide however liable Lutnick was for Trump's turnaround connected crypto (going from somewhat opposed during his archetypal presidency to afloat clasp connected the run way this year), but if Lutnick whispered the “pro” statement successful Trump’s ear, it couldn't person hurt.
This illustration is portion of CoinDesk's Most Influential 2024 package. For each of this year's nominees, click here.
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