Former President Trump Picks Tether Custodian CEO To Spearhead Transition Team: Report

Former President Donald Trump is reportedly selecting Tether custodian CEO Cantor Fitzgerald to guide his transition group.

In accordance with a brand new report from Politico, Trump is asserting that Howard Lutnick, the chairman and CEO of economic providers agency Cantor Fitzgerald, will lead his transition group together with Linda McMahon, the previous head of Trump’s Small Enterprise Administration.

The report says Lutnick and McMahon might be answerable for overseeing the screening and hiring of potential administration officers, in addition to creating insurance policies that Trump can implement instantly if he wins the presidential race.

Cantor Fitzgerald has served as custodian of stablecoin issuer Tether since 2021.

Earlier this yr, Lutnick confirmed to Bloomberg that Tether’s reserves are multi-billion {dollars} and that Cantor Fitzgerald manages “so much” of these property for Tether.

In a put up on social media platform

Final month, Cantor Fitzgerald introduced plans to launch a $2 billion Bitcoin finance firm in an effort to bridge the hole between conventional finance and digital property.

Lutnick’s appointment by the Trump marketing campaign comes weeks after pro-crypto Senator JD Vance was chosen as Trump’s working mate for the upcoming 2024 presidential election.

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